The Healthcare Authority of Cullman County (Ala.) will have complete ownership of 115-bed Cullman Regional Medical Center after closing a deal to purchase the 50% interest owned for the last decade by Baptist Health System in Birmingham, officials announced today. The deal, struck last week, was unanimously approved by both sides only a month or so after the authority hired a team of outside experts to jump-start negotiations that had been in limbo since mid-2004. Terms of the deal were not disclosed. "This is a win for everyone," said Steve Glasscock, the authority's chairman. The authority is expected to take control by year-end. Barry Cochran will remain the hospital's chief executive officer until the transition is complete and then return to Baptist. Cullman will immediately launch a search for a new CEO, Glasscock said. -- by Michael Romano
Cullman County to take ownership of Ala. hospital, ending battle
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