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MSHA hopes to make quick transition at Unicoi County hospital

Brad Hicks • Dec 2, 2012 at 10:01 AM

ERWIN — Mountain States Health Alliance will look to begin work quickly at Unicoi County Memorial Hospital following the UCMH Board of Control’s Wednesday decision to accept MSHA’s proposal to acquire the community hospital.

MSHA Vice President Tony Benton said in the next few days, MSHA will begin working closely with UCMH and the board to outline the definitive acquisition agreement. The parties will later move into the transaction phase that involves getting the full legal documents and the final agreement together, Benton said. He also said the $2 million line of credit MSHA has committed to providing to UCMH through the closing will now take effect.

Within the next couple of months, the parties will look to go through the closing process, Benton said.

Read the full story on the Johnson City Press website.

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