Ardent Health Services, formerly known as Behavioral Healthcare Corporation is a healthcare company based in
Nashville, Tennessee
Nashville is the capital city of the U.S. state of Tennessee and the county seat, seat of Davidson County, Tennessee, Davidson County. With a population of 689,447 at the 2020 United States census, 2020 U.S. census, Nashville is the List of muni ...
, United States.
History
The Behavioral Healthcare Corporation was founded in 1993 by
dward Stack 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.
It currently owns and operates hospitals in
Tulsa, Oklahoma
Tulsa () is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with ...
,
Albuquerque, New Mexico
Albuquerque ( ; ), ; kee, Arawageeki; tow, Vakêêke; zun, Alo:ke:k'ya; apj, Gołgéeki'yé. abbreviated ABQ, is the most populous city in the U.S. state of New Mexico. Its nicknames, The Duke City and Burque, both reference its founding in ...
([]), 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.
The company sold its
ehavioral health operations to Psychiatric Solutions, Inc. in 2005.
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
Samuel Zell (born Shmuel Zielonka, September 28, 1941) is an American billionaire businessman and philanthropist. A former lawyer, Zell is the founder and chairman of Equity Group Investments, a private investment firm, founded in 1968. He has ...
, Ventas and several members of management acquired its hospital operations.
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.
In August 2020, Ardent Health Services appointed Martin J. Bonick as president and CEO.
Today the company has 26,000 employees, 30 hospitals and over 200 sites of care in six states.
References
External links
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Health care companies established in 1993
1993 establishments in Tennessee
Companies based in Nashville, Tennessee
Health care companies based in Tennessee
Frist family
Hospital networks in the United States
Privately held companies based in Tennessee
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