Mountain States, Wellmont boards authorize final approval of merger; Ballad Health to celebrate launch Friday
Leaders named for top positions in new health system TENNESSEE and VIRGINIA – The boards of directors of Mountain States Health Alliance and Wellmont Health System have voted unanimously to approve the final terms that will govern their merger, forming a new health system to serve the 1.2 million residents of Northeast Tennessee and Southwest Virginia. The transaction creating the new organization, named Ballad Health, officially became effective at 12:01 a.m. February 1, 2018. A formal launch will be held on Friday, February 2. The final vote marks the end of a nearly four-year merger process that began when Mountain States responded to a request for proposals from Wellmont inviting health systems to outline potential partnerships. The Wellmont board selected the proposal from Mountain States because of its unique vision to create a health improvement organization, limit health care pricing growth, maintain local governance, and invest in the region. Alternatives to the Mountain States proposal would have…