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Unicoi Hospital Accepts Mountain States Offer for Third Time

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The Unicoi County Memorial Hospital Board of Control in Erwin, Tenn., has unanimously voted to accept a proposal from Johnson City, Tenn.-based Mountain States Health Alliance to acquire the public-owned hospital, according to a Johnson City Press report.

Wellmont Health System, based in Kingsport, Tenn., also submitted an acquisition bid. Wellmont announced earlier this week that it considers both its bid and MSHA's bid null and void due to legal issues with the UCMH board's selection process. As a result, Wellmont officials did not attend the meeting where the board made its latest decision. 

The hospital board and MSHA had originally reached a definitive agreement in April, but the Tennessee attorney general's office delayed the acquisition in June due to concerns over open meeting laws and lack of approval from local authorities. The hospital board met to reconsider both the Wellmont and MSHA proposals.

More Articles on Hospital Sales:
Wellmont Officials Say Unicoi Hospital Sale Proposals Null and Void
Unicoi County Memorial Hospital to Revisit Acquisition Proposals
16 Recent Transactions and Mergers 

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