At a special called meeting of the WLRH board of directors, the next step toward finalizing the sale of WLRH to TJ Samson of Glasgow was approved. Board members listened telephonically to the confirmation hearing for the district and the Corporation's Chapter 9 Bankruptcy Plan, which was approved by the bankruptcy judge yesterday. Westlake CEO Neal Gold was in Louisville with the Board's Attorney.
Board Chairman Richard Grant says yesterday's ruling will open the door for TJ Samson to inform the community what they intend to do and how they are going to operate. Also, TJ Samson will determine whether or not current employees will keep their jobs.
The closing is set for Feb. 8, 2016. As far as the hospital tax is concerned, it will remain in effect for approximately 13 years.
Adair Co. Judge Exec. Mike Stephens praised the WLRH Board of Directors for their hard work & dedication. According to the board, when the acquisition is completed, the hospital will have access to new clinical, operational, and financial resources that will strengthen healthcare services for the community.
Details of the entire agreement will be released to the public very soon at a pubic meeting.
The hospital board will meet in regular session this evening (Tuesday) at 7pm at the hospital. The meeting is open to the public.