Phoebe/Palmyra acquisition isn't instant - WALB.com, Albany News, Weather, Sports

Phoebe/Palmyra acquisition isn't instant

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) –  It may take longer for Phoebe Putney Health System to acquire Palmyra Medical Center than originally anticipated. Phoebe's administration hoped to close on the deal by the end of this month.

CEO Joel Wernick now says it's more likely that the transaction will carry over into February and possibly beyond.

He told the hospital board Wednesday that a purchase of this magnitude comes with complex regulatory issues. Merging computer systems and records will also take a while.

"This world doesn't happen without computers nowadays, and certainly healthcare is amongst that, so just the notion of being able to transition the interface before computers is far more sophisticated than we might have thought,"  Wernick said.

Wernick says Phoebe's lawyers are carefully combing over all the requirements to make sure the transaction goes smoothly.

 

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