WellStar Health System, Marietta, Ga., has bought the Center for Health Transformation, the healthcare think tank established by former House Speaker Newt Gingrich that had filed for bankruptcy.
The purchase price was $20,000, according to WellStar President and CEO Reynold Jennings. The system plans to use the same name for the center, and has also bought its trademark and website.
Gingrich established the think tank in 2003, and its backers included several healthcare organizations. Among the creditors listed in the organization's April bankruptcy filing were WellStar, Intermountain Healthcare, Sutter Health, and the Blue Cross and Blue Shield Association.