The Federal Trade Commission has cleared the sale of two Oklahoma hospitals to Ardent Health Services (PDF), Nashville, according to an FTC announcement.
FTC clears Ardent-CHS deal
The seller is Community Health Systems, Franklin, Tenn. The companies announced the deal last month; terms have not been disclosed.
Ardent, a privately held company in which private-equity firm Welsh, Carson, Anderson & Stowe holds a majority interest, will bolster its Hillcrest HealthCare System in Tulsa with the addition of the two Community hospitals: 160-bed SouthCrest Hospital, Tulsa, and 89-bed Claremore (Okla.) Regional Hospital.
Last year, Community outbid Ardent in a bankruptcy auction to acquire three-hospital Forum Health, Youngstown, Ohio.
Letter
to the
Editor
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.
Sponsored Content