KNOXVILLE, Tenn (WVLT) Another hurdle has been cleared as St. Mary's and Baptist move forward on their merger.
The Federal Trade Commission has announced they have no objection to the proposed merger of the healthcare organizations.
In addition, they've granted early termination on the St. Mary’s/Baptist transaction.
The two systems now await final approval of the state Attorney General in order to proceed with the merger.
“This is an important step in combining the two healthcare systems into one that will better meet the medical needs of the people of Knoxville and East Tennessee,” said St. Mary’s President and CEO Debra London.
St. Mary’s and Baptist signed a letter of intent to merge on Aug. 28, 2007, and signed the merger’s definitive agreement on Nov. 8, 2007.
Jeff Ashin has been named the CEO of the Metro Division of the new organization.
Ashin is currently the President and CEO of Mercy Hospital of Fairfield, Ohio, and Senior Vice President of Mercy Health Partners of Southwest Ohio, a division of Catholic Healthcare Partners (CHP).
CHP is the parent organization of St. Mary’s Health System.