South.(Regional News)(Northeast Georgia Health System wins state approval to build hospital)(University of Texas Southwestern Medical Center at Dallas and University of Texas M.D. Anderson Cancer Center receives funding from T. Boone Pickens Foundation)(Wellmont Health System to purchase Jenkins Community Hospital)

Modern Healthcare, May, 2007

JENKINS, Ky.-Wellmont Health System, Kingsport, Tenn., said it has agreed to purchase Jenkins Community Hospital for undisclosed terms. Wellmont is conducting due diligence on the acquisition, which is expected to be completed once regulators have approved it. Wellmont said it plans to invest $1 million in the 25-bed hospital, boost physician recruitment and establish a volunteer board of directors with both physician and community members. Wellmont recently agreed to form a partnership with HealthSouth Corp., Birmingham, Ala., to operate a HealthSouth rehabilitation hospital in Kingsport and develop a new rehabilitation hospital in Bristol, Va.

DALLAS-Two University of Texas healthcare institutions were the recipients of $50 million each from the T. Boone...

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