HealthExec October 3, 2024
The sale of five Tenet Healthcare hospitals in Alabama has been finalized in a $910 million cash deal, the company announced this week. The hospitals make up the Brookwood Baptist Health network.
Brookwood Baptist Medical Center, Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center and Walker Baptist Medical Center will now be operated by nonprofit Orlando Health, which announced the purchase in August.
Tenet owned a 70% controlling stake in the five Birmingham-area hospitals, all of which are part of the Baptist Health System. The shift to Orlando Health will change the business model of Brookwood, as Tenet was for-profit.
“This is a great day for Brookwood Baptist Health and Orlando Health,” Thibaut van...
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