Ascension to Acquire Four Middle Tennessee Hospitals
It has been recently announced that Ascension, parent organization of Saint Thomas Health, has signed a definitive agreement with Capella Healthcare to acquire four Middle Tennessee hospitals previously jointly owned by Capella Healthcare and Saint Thomas Health. Upon completion of the transaction, the hospitals will become a part of the Ascension Tennessee ministry, Saint Thomas Health.
Under the agreement, River Park Hospital in McMinnville, Highlands Medical Center in Sparta, DeKalb Community Hospital in Smithville and Stones River Hospital in Woodbury would become full members of the Saint Thomas Health network. The four hospitals have been part of an innovative joint venture relationship between Capella and Saint Thomas since 2012.
During the multi-year partnership, Capella-Saint Thomas Health has expanded the services in each community, enhancing cardiac, stroke and telemedicine services. The four hospitals will become full members of Saint Thomas Health at a later date, subject to customary closing conditions.