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Southwest Virginia group deems hospital merger application complete

The Southwest Virginia Health Authority has deemed complete Wellmont Health System and Mountain States Health Alliance's application for a cooperative agreement that would allow them to merge. The group unanimously approved a motion to deem the application complete after a two-hour meeting and despite opposition from the Virginia Association of Health Plans, which said more information should be sought and ...

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$3 million in ARC funds to help Southwest Virginia

Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced that the Appalachian Regional Commission (ARC) has awarded nearly $3 million in funds to two organizations in Southwest Virginia to create and train workers for jobs in new sectors of the region’s economy. The funding comes as part of the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative, a multi-age ...

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Payment reform:‘Right thing to do,’ but ‘devil is in the details’

By Jeff Keeling Second in a two-part series. Read the first story at bjournal.com/payment-reform-spurring-sea-change-at-clinical-level. “I really believe Dr. Dykes saved my life,” Mary Snyder says. Mary Snyder wasn’t just sick late last fall. She was really sick. The Jonesborough resident’s congestive heart failure (CHF) had hit her with a vengeance. She had fluid on her lungs (pulmonary edema), a common si ...

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Mullican Flooring To Expand Johnson City Operations

NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Mullican Flooring officials announced today the flooring manufacturer will invest $15 million to expand its Johnson City operations and create 200 new jobs during the next five years. Mullican Flooring, which ranks among the nation’s top five hardwood flooring producers, is acquiring a 126,000 sq ...

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Hospital system merger: Factors to be considered in Virginia

E. 1. The Authority shall recommend for approval by the Commissioner a proposed cooperative agreement if it determines that the benefits likely to result from the proposed cooperative agreement outweigh the disadvantages likely to result from a reduction in competition from the proposed cooperative agreement. 2. In evaluating the potential benefits of a proposed cooperative agreement, the Authority shall co ...

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Wellmont CFO Pope to take job in Arizona

Systems' leaders say decision shouldn't impact merger Alice Pope, Wellmont Health System’s executive vice president and chief financial officer, will become the new chief financial officer for HonorHealth in Scottsdale, Arizona. Pope will continue serving in her Wellmont leadership position, which she has held for 3 ½ years, for the next 60 days and will assist in a smooth transition. She has worked for Wel ...

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Sprint closing call center in Blountville Feb. 5 — 444 to lose jobs

By Jeff Keeling Since December, Sprint employees everywhere had known the mobile phone company was planning job cuts in the near future. Today, more than 400 workers at Sprint's Blountville call center learned they would be among the casualties. The center will close Feb. 5, Sprint spokeswoman Roni Singleton said in an emailed statement. Sprint leaders spoke in December of plans to take up to $2.5 billion o ...

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NN Inc. completes $615 million acquisition of Precision Engineered Products

Johnson City -- NN Incorporated has completed its purchase of Precision Engineered Products. The Johnson City-headquartered manufacturer announced it would buy the company in August, at a cost of $615 million. Here is a copy of the full release: NN, Inc. Completes Acquisition Of Precision Engineered Products JOHNSON CITY, Tenn., Oct. 20, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial ...

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Coal slowdown leads to Erwin operations shutdown: CSX

CSX will close a locomotive service center, a project shop and a car shop -- and eliminate switching operations -- at its Erwin rail yard, the company announced today (see below). The decision is expected to eliminate around 300 jobs in one of the industries that helped establish the town. The company cited a combination of regulatory restrictions on coal and lower natural gas prices as the proximate causes ...

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Revised Tennessee Certificate of Public Advantage Law

PUBLIC CHAPTER NO. 464 SENATE BILL NO. 994  By Norris, Crowe, Mr. Speaker Ramsey  Substituted for: House Bill No. 1146 By Eldridge, Harrison, Lundberg, Hulsey, Holsclaw, Hawk AN ACT to amend Tennessee Code Annotated, Title 68, Chapter 11, Part 13, relative to hospital cooperative agreements. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: SECTION 1. Tennessee Code Annotated, Section 68-11-1 ...

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