The Times West Virginian

Local News

June 20, 2014

Nine objections to FGH sale filed

Hospital officials expect issues to be resolved before sales hearing June 23

FAIRMONT — Nine objections to the sale of Fairmont General Hospital and its assets were filed this week.

The deadline to submit objections to the court was Thursday at 5 p.m.

Bids for the sale of Fairmont General were due June 12 at noon. No qualified bids were received, making Alecto Health Services Fairmont, LLC, the successful initial bidder in the proceedings, the only entity to make a successful bid with a bid of approximately $15.3 million.

A statement released by Fairmont General Hospital Thursday stated that the hospital was not surprised by the filed objections and expects the issues raised to be resolved prior to the sale.

“As today is the last day for parties to file objections to the asset sale, we are not surprised that limited objections may be filed by parties,” the statement said.

In the statement, FGH emphasized that officials were aware of the objections prior to the filings made this week.

“In each case, the objections have been filed by parties with whom we have been discussing their contracts, and are being filed only to preserve all rights. It is important to note that none of the objecting parties is attempting to prevent the sale from going through,” FGH said. “We believe that these issues can and will be resolved and the limited objections will be withdrawn prior to or at least at the hearing on June 23.”

Even if the objections are not withdrawn prior to the sale hearing June 23, FGH said in the statement that it expects the sale will still go through.

“In the unlikely event that limited objections remain during the upcoming hearing to approve the sale of FGH, we are confident that the Court will approve the same,” FGH said.

A sale hearing is scheduled for June 23 at 10 a.m. in Wheeling at the United States Bankruptcy Court for approval by the court. U.S. Bankruptcy Judge Patrick Flatley will oversee the hearing.

Objections were raised by Pharmacy Systems Inc. and PSI Supply Chain Solutions LLC, Iatric Systems Inc., 3M Company, Cisco Systems, Allscripts Healthcare LLC, Winthrop Resources Corporation, Farnam Street Financial Inc., Coventry Health Care of West Virginia Inc. and by the Department of Health and Human Services.

Fairmont General Hospital filed for Chapter 11 bankruptcy Sept. 3, 2013.

Email Colleen S. Good at or follow her on Twitter @CSGoodTWV.

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