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 “We believe that these issues can and will be resolved and the limited objections will be withdrawn prior to or at least at the hearing on June 23.”

Even if the objections are not withdrawn prior to the sale hearing June 23, FGH said in the statement that it expects the sale will still go through.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 cgood@timeswv.com or follow her on Twitter @CSGoodTWV.

1
Text Only
Local News
  • UMW Rally UPDATE: Roberts and Caputo arrested during UMW Pittsburgh rally

    After marching from the David L. Lawrence Convention Center to the William S. Moorhead Federal Building in downtown Pittsburgh, Pennsylvania, around 15 United Mine Workers of America (UMW) leaders were arrested.

    July 31, 2014 1 Photo

  • Fairmont bank robbery suspect in custody

    Officers from the Fairmont Police Department and the West Virginia State Police responded to an armed robbery Thursday morning at WesBanco in Marion Square.

    July 31, 2014

  • UMW leaders at rally: ‘We will stand up and fight’

    Several United Mine Workers of America (UMW) leaders spoke at a labor rally in Pittsburgh on Thursday.

    July 31, 2014

  • image.jpg HAPPENING NOW: UMW's Roberts says EPA rules will 'devastate Appalachia'

    During a press conference at the David L. Lawrence Convention Center United Miner Workers of America (UMW) president Cecil Roberts talked about the reason why 5,000 miners and their families are protesting the EPA's Clean Power Plan.

    July 31, 2014 1 Photo

  • Alva Groves Family -ts.jpg After 63 years, remains of Korean War veteran coming home

    After 63 years, the remains of a Korean War veteran are coming home.
    Those remains are of Cpl. Alva Clifford Groves, of Four States, who lost his life during the Korean War. Groves will be brought home to West Virginia on Tuesday, Aug. 5.

    July 31, 2014 2 Photos

  • UMW to protest EPA Clean Power Plan

    Members of the United Mine Workers of America (UMW) will be gathering today in Pittsburgh, Pennsylvania, to protest the U.S. Environmental Protection Agency’s (EPA) proposed Clean Power Plan.
    Mike Caputo, vice president of UMW International District 31, will be one of the many Marion County and North Central West Virginia members participating in the rally and march at the David L. Lawrence Convention Center.

    July 31, 2014

  • Alecto executive to speak at chamber dinner

    The Marion County Chamber of Commerce’s 61st annual dinner is putting a spotlight on the future of Fairmont General Hospital.
    The keynote speaker for this year’s event, scheduled for Wednesday, Aug. 13, is Mike Sarrao, executive vice president of Alecto Healthcare Services, the company that is in the process of purchasing Fairmont General Hospital.

    July 31, 2014

  • Korean War Veterans Memorial gets funds

    The Korean War Veterans Memorial in Marion County is closer to completion thanks to an allocation from the county commission.
    During Wednesday’s meeting, commissioners passed a motion to allocate $5,000 to the memorial. The money came from the county’s coal severance tax fund.

    July 31, 2014

  • Fairmont man faces heroin charges

    A Fairmont man has been arrested on heroin charges.
    Tyrell Anthony Smith, 24, of Fairmont, was arrested Tuesday by the Marion County Sheriff’s Department and has been charged with possession with intent to deliver heroin.

    July 31, 2014

  • Alecto executive to speak at chamber dinner

    The Marion County Chamber of Commerce’s 61st annual dinner is putting a spotlight on the future of Fairmont General Hospital.

    July 30, 2014

Featured Ads
TWV Video Highlights
NDN Editor's Picks
House Ads