Wellmont/MSHA file merger application with state
Kingsport Times News – The Tennessee Department of Health (TDH) confirmed on Tuesday it has received an application for a Certificate of Public Advantage (COPA) from both Mountain States Health Alliance and Wellmont Health System.
The two hospital systems announced their intention to merge their assets in Northeast Tennessee and Southwest Virginia last year.
In their filing with the state of Tennessee, the two systems pledged over a 10-year period to invest not less than $75 million in population health improvements, $140 million to expand mental health, and $85 million to develop and grow academic and research opportunities, plus about $150 million to improve regional exchange of health information.