Mountain States, Wellmont receive merger approval in Virginia
We have received notice of the decision of the Commissioner of Health in Virginia, and we are reviewing it. We are grateful for the diligence demonstrated by the Commissioner and her staff, and the staff of the Virginia Attorney General’s office. The Commissioner personally took the time to evaluate our proposed merger and to understand the reasons why the benefits of the proposed merger outweigh the other options. We believe the Commissioner is committed to ensuring that the people of Southwest Virginia will be well served. We also applaud the Southwest Virginia Health Authority and its highly qualified consultants for their role in evaluating the benefits of the proposed merger as well as the improvements that were made to our commitments based on the Authority’s input.
We look forward to working with the commonwealth and the Authority to address the health care challenges of our region. We also appreciate the role the FTC plays in protecting the public, and we believe the concerns voiced by the FTC were considered both by the Authority and the Commissioner, both of which have acted in accordance with federal law. We are now intensely focused on the operational integration of the two systems and plan to close in the next few months.
Below, please find a link to the Order and Letter Authorizing a Cooperative Agreement in Virginia.
FROM THE VIRGINIA DEPARTMENT OF HEALTH
On October 27, 2017 VDH staff recommended to the Commissioner that the application for cooperative agreement be approved with conditions. On October 30, 2017 the Commissioner issued an Order approving the application for cooperative agreement with conditions. The cooperative agreement among hospitals and health systems should foster improvements in the quality of health care, moderate increases in cost, improve access to needed services, and enhance the likelihood that smaller hospitals in the region would remain open in beneficial service to their communities.
To learn more, please review the Order and Letter Authorizing a Cooperative Agreement.