JENKINS, Ky.Wellmont Health System, Kingsport, Tenn., said it has agreed to purchase Jenkins Community Hospital for undisclosed terms. Wellmont is conducting due diligence on the acquisition, which is expected to be completed once regulators have approved it. Wellmont said it plans to invest $1 million in the 25-bed hospital, boost physician recruitment and establish a volunteer board of directors with both physician and community members. Wellmont recently agreed to form a partnership with HealthSouth Corp., Birmingham, Ala., to operate a HealthSouth rehabilitation hospital in Kingsport and develop a new rehabilitation hospital in Bristol, Va.
DALLASTwo University of Texas healthcare institutions were the recipients of $50 million each from the T. Boone Pickens Foundation, but there is a catch: The gifts to the 424-bed University of Texas Southwestern Medical Center at Dallas and the 482-bed University of Texas M.D. Anderson Cancer Center in Houston stipulate the creation of special funds at the institutions that must grow to a total of $500 million each within 25 years from earnings on the principal and/or outside donations. The institutions will be able to distribute the funds as they deem fit only when the $500 million marks are reached. M.D. Anderson will name its new 21-story, 730,000-square-foot academic building the T. Boone Pickens Academic Tower, scheduled to open in spring 2008.
GAINESVILLE, Ga.Northeast Georgia Health System won state certificate-of-need approval to build a $209 million, 100-bed hospital in the Braselton area, a system spokeswoman said. The proposed hospital and a $15 million to $17 million medical office building will be built on a 119-acre campus. Hospital construction is expected to be complete by 2011 or 2012. The medical office building construction, which includes an additional $7.2 million in road and sanitation projects, is expected to be finished by the summer of 2008.
BATON ROUGE, La.The Louisiana Department of Health and Hospitals said it will disburse about $4 million in 48 awards to primary-care physicians and other providers as an incentive to work in the New Orleans area for the next three years. Intended to help rebuild the healthcare workforce in Jefferson, Orleans, Plaquemines and St. Bernard parishes, the awards will be given to applicants of the Greater New Orleans Health Service Corps, a $15 million program funded through an HHS grant. While 70% of the funding is dedicated to recruiting new providers in the area, 30% is intended to provide retention incentives. A second round of awards is planned to be announced on May 28.
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