Hutcheson officials announced that the hospital will issue a request for proposals to lease its Fort Oglethorpe medical facility, according to a news release.
The RFP seeks to qualify potential regional and national targets for a long-term operating lease agreement for the hospital. The request also allows respondents to submit alternative proposals to the standard lease agreement.
"Hutcheson is seeking a partner that can best serve the healthcare needs of the 150,000 people living in our tri-county service area," Corky Jewell, chairman of the Hutcheson Medical Center board of directors, said in a news release. "These counties are among the fastest growing in the North Georgia and Chattanooga region.
"The RFP focuses on the primary criteria of maintaining a community hospital that meets the needs of the growing population in the tri-county region and provides the best solution to the hospital's current financial circumstances."
Proposals will be issued Wednesday and will be due on Oct. 24, the news release stated.
Ken Conner of Chattanooga-based Decosimo, the accounting firm managing Hutcheson's RFP process, said it will likely take 45 to 60 days to solicit and review proposals.
Once a final lease agreement is reached, it is subject to a 120-day review by the attorney general for the state of Georgia. The transaction would close following final approval from the Attorney General of Georgia, the release stated.