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West Georgia Health &
WellStar Health System
A Strategic Partnership
Great news to share!
The Boards of Trustees for both West Georgia Health and WellStar Health System
approved our partnershipNovember 5, 2015
Key Points to the Agreement• Organizational & Management Structure• Governance• Commitment to WGH Team Members• Capital Commitment• Funding any payment that may be required of
Troup County to pay for bonds related to South Tower construction debt
Governance• The WellStar Board
– Oversees the entire system– Elects all West Georgia Health Boards through nominations
from local board– Adds two WGH members to this parent board
• West Georgia Health Boards– Will expand from 9 to 11 members, with two appointed by
WellStar– Will continue community representation with one member
nominated ed by Callaway Foundation, Inc. and one member nominated by Fuller E. Callaway, Jr. Foundation
– Physician members will comprise at least 25% of board
Organizational StructureMember Substitution Agreement
West Georgia Health
Foundation, Inc.
West Georgia Medical
Center, Inc.
Vernon Woods Retirement Community,
Inc.
West Georgia Physician
Partners, LLC
LaGrange-Troup County Hospital
Authority
West Georgia Health Services,
Inc.40-Year Lease
West Georgia Health
Physicians, Inc.
West Georgia Health
Information Network, LLC
WellStar Health System, Inc.
WGH’s Management Structure
The current management structure in LaGrange will remain intact:
– Jerry Fulks will remain WGH’s senior leader – WGH Vice Presidents Charis Acree, Paul Perrotti, Tommy Britt, Liza Fritchley, Tracy Gynther and Tripp Penn will continue overseeing their current respective areas.
What this means to WGH team members
Once the agreement is final, all WGH employees will become WellStar team members.
– It’s anticipated that team members will remain in their current positions.– Each team member’s years of service will transition to equal status at WellStar.
What this means to WGH team members
Continued …– Health insurance/PTO/EI/Vitality® wellness program will not change in 2016.– PTO/EI will accrue at its current rate in FY’16. No decisions have been made regarding changes in FY ’17.– In keeping with its “Employer of Choice” designation, WellStar has pledged that all benefits, including retirement benefits, will be as good as or better than current WGH benefits.
WellStar – An Employer of Choice
FORTUNE magazine's "100 Best Companies to Work
For“2 years in a row
WellStar’s Capital CommitmentWellStar has committed $84 million in capital improvements over the first 7 years of the agreement, with $30 million to be spent within the first 2 years. This money will fund:
– Building/renovating our Community Cancer Center– Facility & equipment upgrades and replacements
WellStar’s Commitment to West Georgia Health’s Debt Service
WellStar has agreed to “backstop” any payment that may be required of Troup County to pay for bonds related to South Tower construction debt
Next Steps
State approval is required before the partnership is official:
– Application will be submitted to the Attorney General by mid-November– Regulatory approval requires at least one public hearing to be held in Troup County– The process typically takes 90-120 days once the paperwork is submitted to the Attorney General
Next Steps
Questions? Concerns?We want to hear from you!
We’ve set up an email address for you to contact us:
Questions?
