Tennova officals said no changes are expected locally at this time, after it was announced that the medical company's parent company, Health Management Associates, was being bought by Community Health Systems for $7.6 billion.
Currently, two projects involve Tennova: the purchase of 110 acres of West Knoxville land for a new hospital to replace the former St. Mary's Hospital in North Knoxville, and the sale and future development of the closed Baptist Hospital downtown.
In a statement to 10News, Community Health Systems said in part, "Today's announcement is just the first step in a long process to complete the acquisition of HMA...It is too early to discuss any possible changes that could occur after the transaction closes."
Meanwhile, a local neighborhood group said they will still protest the move of the former St. Mary's hospital, now called Physicians Regional Medical.
"It's nothing but a big question mark right now; we just don't know. We had anticipated this in a way, there had been a lot of rumors, a lot of press," said Rocky Swingle, a spokesperson with Friends of Middlebrook.
The organization said they posted some 250 signs in West Hills and North Knoxville, proclaiming their disagreement with the proposal.
At this time, it is still a proposal, but Friends of Middlebrook said they will continue to get petitions over the plan.
If shareholders approve, the deal between HMA and CHS will be finalized by 2014.