T.J. Regional Health, the parent company of T.J. Samson Community Hospital in Glasgow, just announced its plan to buy Westlake Regional Hospital in Columbia and its clinics, according to a news release.
“Westlake has been an important part of the healthcare infrastructure of Columbia and Adair County for 35 years," T.J. Regional Health President and CEO Bud Wethington said in the release. "We see great opportunities to collaborate with the physicians and employees to grow the health care services and continue its efforts to advance the health status across the region.”
The Glasgow hospital has recently cut and adjusted salaries and offered early retirement to reduce costs, and was surprised when The Medical Center at Bowling Green bought Caverna Memorial Hospital in Horse Cave, which referred many patients to Glasgow. Now the Glasgow hospital looks to rebuild its network by buying the one in Columbia.
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The proposed acquisition is contingent upon multiple factors, including reaching certain agreements with creditors, confirmation of a Chapter 9 bankruptcy plan by a federal bankruptcy judge and of approvals from state and federal regulators.
More consolidations are expected. Fleming County Hospital in Flemingsburg recently merged with a larger hospital system to stay afloat. Rural hospitals in Nicholas and Fulton counties have closed in the last year.