The State of Tennessee has issued a COPA or a Certificate of Public Advantage to Mountain States Health Alliance and Wellmont Health System, formalizing a merger deal first announced in April 2015.
The new company will be called Ballad Health.
News Channel 11 has learned that a public launch is planned for Friday morning at 11 a.m. in Kingsport.
Wednesday afternoon, Tennessee Department of Health Commissioner John Dreyzehner announced the state officially allowed the merger.
“Clearly a great deal of work on the part of all involved has gone into this groundbreaking result. We can be proud of the thoughtful, deliberate, transparent and community-accountable process it has been, one I know we all look forward to continuing,” Dreyzehner said. “Our job as the state was to determine whether a merger of the two systems could create a clear public benefit to the people of this wonderful and vibrant region, a responsibility we took and will continue to take very seriously as we enter this next exciting and important phase.”
Here’s more from the Tennessee Department of Health announcement:
Earlier today, Mountain States issued the following release about leadership changes: