TRI-CITIES, TN/VA (WJHL)- The region’s largest healthcare systems says despite delays, they are moving forward with plans to merge in to one system.
Mountain States Health Alliance and Wellmont Health System announced last April they plan to merge.
The next step is to file a Certificate of Public Advantage or COPA with Virginia and Tennessee.
“We have a few more meetings to go as our board reviews the final information associated with that before we actually get ready to file that application, so were right on the heels of being ready to file those applications,” Bart Hove, President and CEO of Wellmont said.
“We expect, really hopeful by the end of this month if not before to have the definitive agreement signed and the Certificate of Public Advantage submitted to the state,” Alan Levine, President and CEO of Mountain States said.
Originally, the health systems’ leaders said they planned to file the paper work by the end of January.
“It’s a very sophisticated document that we will be submitting to the state, we want to be sure that the data is correct and so we’re going through the process of looking at it, reviewing it, re-reviewing it to make sure everything’s accurate,” Levine said.
The applications will initiate the state review process.
A Mountain States spokesperson said the merger process will extend throughout 2016.
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