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Orlando Health Spends $910M on 5 Alabama Hospitals
Dallas-based Tenet Healthcare sold its 70% majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando Health. The proposed deal is valued at approximately $910 million in cash.
The proposed transaction includes five hospitals, with a total of more than 1,700 beds, as well as affiliated physician practices and other related operations:
- Brookwood Baptist Medical Center (Birmingham)
- Princeton Baptist Medical Center (Birmingham)
- Walker Baptist Medical Center (Jasper, Ala.)
- Shelby Baptist Medical Center (Alabaster, Ala.)
- Citizens Baptist Medical Center (Talladega, Ala.)
Under the proposed agreement, Tenet’s management arm, Conifer Health Solutions, will enter into a 10-year contract to provide services for the Alabama hospitals and related operations.
Orlando Health is a 3,487-bed system that includes 17 hospitals and 10 free-standing emergency rooms, with four hospitals and six free-standing emergency rooms in development. The system also features a variety of outpatient and specialty care.
The system has 29,000 employees and over 1,500 physicians,
- ◦Sale/Acquisition
