The agreement on the merger between Augusta University Health System and Wellstar Health System into Wellstar MCG Health is finally public and now enters the legal-review stage.
The cover letter notes that the transaction is not a sale; Wellstar will become the “sole corporate member” of AU Health. The agreement comes with a hefty financial commitment from Wellstar − $797 million spent over 10 years, the Augusta Chronicle reports.
The office of Georgia Attorney General Chris Carr received the notice on Friday, kicking off a legal review followed by a public hearing. This also means that the agreement is finalized and can be released to the public.
The 89 documents included in the notice to the attorney general’s office offers in detail what the transfer will mean, including a cover letter outlining the highlights of the agreement. Read more.
