Ardent Health Services
| Company type | Private |
|---|---|
| Founded | 1993 |
| Founder | Edward Stack |
| Headquarters | , |
Key people | Martin J Bonick, CEO |
| Owner | Ventas Equity Group Investments |
Number of employees | 15,300[1] |
| Website | www |
Ardent Health Services, formerly known as Behavioral Healthcare Corporation is a healthcare company based in Nashville, Tennessee, United States.
History
The Behavioral Healthcare Corporation was founded in 1993 by Edward Stack.[1][2] Until 2001, it was a privately held company owned by Kindred Healthcare and Welsh Carson Anderson & Stowe and several individual investors and focused owning and operating behavioral health facilities.[1] It currently owns and operates hospitals in Tulsa, Oklahoma, Albuquerque, New Mexico, Amarillo, Texas, Pocatello, Idaho, Topeka, Kansas, 2 in New Jersey and, as of March 1, 2018, UTHET in Tyler, Texas.
By 2001, the private equity firm Welsh, Carson, Anderson & Stowe became majority shareholders and changed the name of the company.[3]
The company sold its [behavioral health operations to Psychiatric Solutions, Inc.]s in 2005.[2]
In 2015, Ventas acquired the company for $1.75b through a traditional sale-leaseback transaction where Ventas remained the owner of essentially all of Ardent's real property interests while a joint venture between Equity Group Investments, Ventas and several members of management acquired its hospital operations.[4]
In February 2020, Ardent Health Services president and CEO David T. Vandewater announced his plans to retire from the company. He will remained as president and CEO until a successor was named.[5]
In August 2020, Ardent Health Services appointed Martin J. Bonick as president and CEO.[6] Today the company has 26,000 employees, 30 hospitals and over 200 sites of care in six states.
References
- ^ a b c "Company Overview of AHS Medical Holdings LLC". Bloomberg Business. Retrieved January 11, 2016.
- ^ a b "America's Largest Private Companies: #292 Ardent Health Services". Forbes. Retrieved January 11, 2016.
- ^ "History". Ardent Health Services. Archived from the original on April 24, 2015. Retrieved January 11, 2016.
- ^ Chen, Angela (July 7, 2015). "Equity Group Investments to Take Majority Stake in Ardent's Hospital Operations: Deal values Ardent at about $475 million". The Wall Street Journal. Retrieved January 11, 2016.
- ^ "Ardent Health Services President & CEO Announces Retirement from Company". www.businesswire.com. February 20, 2020. Retrieved March 3, 2020.
- ^ "Ardent Health Services Names Martin Bonick President & CEO". August 17, 2020.
External links
 | This Tennessee-related article is a stub. You can help Wikipedia by expanding it. |