GREENEVILLE, TN (WJHL) – Officials with Laughlin Memorial Hospital announced Tuesday morning it is signing a letter of intent with Mountains Health Alliance. That means, the hospital will become a part of the Mountain States network.
The letter of intent was approved unanimously by both boards of directors.
“We’re thrilled to announce our historic decision to join Mountain States,” said Chuck Whitfield, president and CEO of Laughlin. “Officially becoming part of Mountain States is a natural next step for us. For more than 20 years, we have collaborated together in various ways to enhance healthcare services in Greeneville and in our surrounding communities. This step will allow Laughlin and Mountain States to be more successful as an integrated system devoted to measurably high-value care for our communities.”
According to a release, “Mountain States is not buying Laughlin, and no money is changing hands. Instead, Laughlin is merging into Mountain States and Mountain States.”
The release adds that “Laughlin and Mountain States will enter into a period of due diligence leading to the signing of a definitive agreement.”
The merger process is expected to be complete in “early 2017”