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.
More Articles on Hospital Transactions:
Verdugo Hills Hospital, USC Keck Medical Center Continue Merger Discussions
Prime Healthcare Foundation Makes 2 Non-Profit Hospital Transactions
Integris Becomes Majority Owner of Oklahoma’s Lakeside Women’s Hospital
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
