Nashville, Tenn.-based Ardent Health has swapped one private investor for another.
The private group with interest in 30 hospitals across the nation has had an approximately $500 million minority stake in it purchased by Abu Dhabi-based Pure Health, which has interest in 25 hospitals, according to a May 2 news release.
The previous stake owner was Chicago-based private investment firm Equity Group Investments. Equity Group Investments continues to have a majority stake in Ardent Health.
Editor's Note: This corrected version reflects the fact that Equity Group Investments continues to have a majority stake in Ardent Health.