Erlanger, Hutcheson unable to reach lease agreement - WRCBtv.com | Chattanooga News, Weather & Sports

Erlanger, Hutcheson unable to reach lease agreement

Posted: Updated:
FORT OGLETHORPE, GA (WRCB) -

Officials with Hutcheson Medical Center and Erlanger were unable to reach an agreement regarding a lease negotiation.

The two hospitals were in talks for Hutcheson to lease its facility to Erlanger.

The hospitals were unable to come to an agreement and Hutcheson will continue to solicit bids from other entities.

"It is in the best interest of Hutcheson that we seek a long-term partner so that North Georgia residents are served by a strong, viable community hospital," stated Hutcheson Chairman Corky Jewell.

"Erlanger is supportive of the RFP process and will continue to support Hutcheson Medical Center while they evaluate offers with other potential partners," stated Kevin M. Spiegel, FACHE Erlanger's President and CEO.

The tri-county hospital that services patients in Georgia accrued a hefty amount of debt. Officials with the hospital say the debt was accrued by previous administrations of the hospital over several years. With a high interest rate, it amounts to $55-60 million.

A rep for the companies says the hospital has returned to profitability and is seeking a way to manage debt repayment through a low interest rate bond backed by the three counties - their goal is to bond the debt and add more to the total amount that will go toward upgrading the equipment and the Hutcheson property. 

In order to  get the financial backing approved the hospital authority has to find a new leasing partner.

  • NewsMore>>

  • Easter events around the Tennessee Valley

    Easter events around the Tennessee Valley

    Sunday, April 20 2014 9:12 AM EDT2014-04-20 13:12:35 GMT
    Here is a list of Easter Events happening in the Chattanooga area over the weekend. Be sure and share with us your Easter events on Facebook so we can add to the list.More
    Here is a list of Easter Events happening in the Chattanooga area over the weekend. Be sure and share with us your Easter events on Facebook so we can add to the list.
    More
  • Channel 3 AM Forecast

    Channel 3 AM Forecast

    Sunny and warm.  Heavy pollen.More
    Sunny and warm.  Heavy pollen.
    More
  • A cool start to easter, but warm and sunny this afternoon

    A cool start to easter, but warm and sunny this afternoon

    Sunday, April 20 2014 7:08 AM EDT2014-04-20 11:08:38 GMT
    (WRCB) - Good Sunday. Your Easter morning has turned out to be just a bit cool with lows this morning ranging from the upper 30s in the mountains to the mid 40s in the valley.This afternoon, we will warm up quite a bit as highs climb to the mid to upper 70s. The low pressure that brought the clouds and light showers yesterday continues to pull away leaving in it's wake nothing but sunshine.The sunny skies continue Monday as we warm up to about 78. The average high is 73.More
    (WRCB) - Good Sunday. Your Easter morning has turned out to be just a bit cool with lows this morning ranging from the upper 30s in the mountains to the mid 40s in the valley.This afternoon, we will warm up quite a bit as highs climb to the mid to upper 70s. The low pressure that brought the clouds and light showers yesterday continues to pull away leaving in it's wake nothing but sunshine.The sunny skies continue Monday as we warm up to about 78. The average high is 73.
    More
Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.