- Associated Press - Tuesday, April 1, 2014

FAIRMONT, W.Va. (AP) - Fairmont General Hospital’s board of directors has approved a bid by Alecto Healthcare Services to become a strategic partner.

The board’s selection of Alecto must be approved by the U.S. Bankruptcy Court. Fairmont General filed for Chapter 11 bankruptcy in September 2103.

Media outlets report that the board voted Monday to authorize interim President and CEO Peggy Coster to execute an asset purchase agreement with Alecto.

The hospital’s general counsel, Michael Garrison, says Alecto would buy the hospital’s assets, take over its operation and work with the staff to operate, improve and maintain it.

Board chairman Toni Nesselrotte says the board believes Alecto is the best choice to maintain and improve the hospital’s commitment to serving the health needs of residents in Fairmont and Marion County.



Click to Read More

Click to Hide