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WV Healthcare Authority Approves Cabell Huntington Hospital’s acquisition of St. Mary’s Medical Center

Friday, March 18, 2016

The West Virginia Healthcare Authority approved Cabell Huntington Hospital’s proposed acquisition of St. Mary’s Medical Center.

The WVHCA review of acquisition determined that it meets the requirements under WV law.

Kevin N. Fowler, President and CEO of  Cabell Huntington Hospital’s said, “We are especially grateful for the hard work and thorough review by the West Virginia Healthcare Authority.”

“We thank the board members of the West Virginia Health Care Authority for recognizing the need for this to happen," stated Michael G. Sellards, President and CEO of St. Mary’s Medical Center.

The next steps in this process include:

  • • Vatican approval
  • • Resolution of the FTC complaint
  • • Favorable action by the West Virginia Healthcare Authority on the application for anti-trust approval
  • • Favorable action by the West Virginia Attorney General on the application for anti-trust approval
     

After all of these steps are completed, the companies will finalize the purchase.

 

Source : wowktv.com