JOHNSON CITY, Tenn. — Actions by Ballad Health are unleashing more than $310 million of investment into two community foundations that will improve quality of life and access to healthcare in rural Southwest Virginia. The health system has partnered with both the Wellspring Foundation (formerly the Johnston Memorial Healthcare Foundation) and the Smyth County Community Foundation in agreements that restructure both long-time hospital partnerships and pave the way for new population health initiatives and investments throughout Southwest Virginia. “The partnerships between Ballad Health and these two community foundations have been some of the most productive and successful I’ve ever seen,” said Ballad Health Chairman and Chief Executive Officer Alan Levine. “Both the Wellspring Foundation and the Smyth County Community Foundation have been steadfast supporters of Ballad Health’s mission, and similarly, we strongly support their goals and visions for the future. This announcement is historic in terms of the resources it will unlock.” Ballad Health, through…