- Associated Press - Thursday, May 22, 2014

FAIRMONT, W.Va. (AP) - Fairmont General Hospital is expected to be sold to Alecto Healthcare Services unless another company makes a better offer.

The Dominion Post (https://bit.ly/1jxwuMM ) reports that U.S. Bankruptcy Judge Patrick Flatley approved procedures for the hospital’s sale this week. The procedures authorize Fairmont General to enter into an asset purchase agreement with Alecto.

If there are other bidders, the hospital would be sold at an auction on June 17 in Wheeling.

Flatley set a June 12 deadline for other companies to submit bids.

Flatley said he would deem Alecto the successful bidder if no other bids are submitted. Fairmont General would then ask the judge to approve the purchase agreement with Alecto and allow it to proceed with the sale.


Information from: The Dominion Post, https://www.dominionpost.com

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