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Hospital merger still expected to close before Jan. 31

Zach Vance, Johnson City Press • Dec 12, 2017 at 10:11 AM

With the Federal Trade Commission’s 30-day review now complete, the only thing separating Mountain States Health Alliance and Wellmont Health System from merging is an official closing date.

Hospital officials expect the merger to close sometime before Jan. 31, at which time the Tennessee Department of Health will grant the merged system, to be called Ballad Health, a Certificate of Public Advantage that protects it from antitrust scrutiny.

Early during the process, hospital executives Alan Levine and Bart Hove said they reached an agreement with FTC officials that, if the merger was approved in Virginia and Tennessee, the deal would not close until the FTC cordially conducted a 30-day review.

Tennessee approved its Certificate of Public Advantage in September, followed by Virginia Department of Health Commissioner Marissa Levine approving a Cooperative Agreement on Oct. 30, the day the FTC review commenced.

For more on this story, visit the Johnson City Press.

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