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Merger Planned Between Covenant Health, Cumberland Medical Center

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Executives at Cumberland Medical Center in Crossville, Tenn., and Covenant Health in Knoxville, Tenn., have signed a nonbinding letter of intent to merge.

Both organizations will now undergo due diligence before signing a definitive agreement. State and federal authorities must also sign off on the deal. Executives expect the transaction will close before the end of 2013.

Cumberland Medical Center is a 189-bed community hospital. Covenant Health has seven acute-care hospitals, one behavioral health hospital and several outpatient facilities throughout eastern Tennessee.

More Articles on Hospital Transactions:
UPMC Officially Takes Over Altoona Regional Health System
Capella Healthcare, Mercy Health Deal Crumbles
Rhode Island OKs Care New England to Acquire Memorial Hospital

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