Ardent Health Services, a for-profit health system based in Nashville, Tenn., and Amarillo, Texas-based Baptist Community Services have finalized their purchase of Baptist St. Anthony's Health System, also in Amarillo.
The joint venture between Ardent Health and BCS was announced in October. The two organizations now own BSA Health System's 445-bed flagship hospital and other facilities, as well as majority interests in Physicians Surgical Hospitals, which is affiliated with BSA Health System and includes two physician-owned hospitals.
In total, Ardent Health will invest $125 million in various projects at BSA Health System, including a new emergency department, cancer center and equipment. In addition, a portion of the sale's proceeds will go toward the creation of a $40 million cancer foundation.
The joint venture between Ardent Health and BCS was announced in October. The two organizations now own BSA Health System's 445-bed flagship hospital and other facilities, as well as majority interests in Physicians Surgical Hospitals, which is affiliated with BSA Health System and includes two physician-owned hospitals.
In total, Ardent Health will invest $125 million in various projects at BSA Health System, including a new emergency department, cancer center and equipment. In addition, a portion of the sale's proceeds will go toward the creation of a $40 million cancer foundation.
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