Download presentation
Presentation is loading. Please wait.
Published bySabina Chambers Modified over 9 years ago
1
West Georgia Health & WellStar Health System A Strategic Partnership
2
Great news to share! The Boards of Trustees for both West Georgia Health and WellStar Health System approved our partnership November 5, 2015
3
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
4
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
5
Organizational Structure Member 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.
6
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.
7
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.
8
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.
9
WellStar – An Employer of Choice FORTUNE magazine's "100 Best Companies to Work For“ 2 years in a row
10
WellStar’s Capital Commitment WellStar 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
11
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
12
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
13
Next Steps Questions? Concerns? We want to hear from you! We’ve set up an email address for you to contact us: employeefeedback@wghealth.org
14
Questions?
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.