Erlanger’s board unanimously voted to ratify a long-negotiated management proposal that will leave the Chattanooga hospital in charge of Hutcheson Medical Center, the financially troubled Fort Oglethorpe hospital.
Details of the management agreement remain confidential, but Erlanger will pump a $20 million line of credit into Hutcheson, which defaulted on a $35 million bond and laid off 75 employees last week.
For complete details, see tomorrow’s Chattanooga Times Free Press.