HealthSunday, November 15
Ardent Health agrees to buy Boone Health for $47 million after commission approval
The Daily Columbia team
If you or someone you love uses Boone Hospital, here's the news. Ardent Health, a Tennessee-based hospital operator, has agreed to buy Boone Health for $47 million in cash. The Boone County Commission approved the sale Thursday. The deal covers the 392-bed Boone Hospital Center, Boone Health Medical Group and 19 other sites of care.
The deal comes with a $47 million price and a $200 million promise
- $47 million
- cash purchase price for Boone Health
- $200 million
- Ardent's commitment over 10 years
- 392
- beds at Boone Hospital Center
- 19
- other sites of care in the deal
Source: KOMU 8
The systems say there's no immediate change in care and will run separately until the sale closes. Ardent's $200 million is for upgrades, with emergency department expansion and operating room modernization among the first priorities. Commissioner Janet Thompson said Friday she raised private equity concerns Thursday, but Ardent's record makes it easier to trust.
- Ardent: 30 acute-care hospitals across six states
- Main shareholder: Equity Group Investments, about 54%
- Search: 18 months, 17 possible buyers
“If you're a business person, you don't invest $200 million and then decide to pull out.”
The sale is expected to close in the first quarter of 2027
- Nov. 10Boone County Commission holds a first reading of the sale proposal
- Nov. 12Commission approves the sale and Ardent announces the $47 million deal
- Q1 2027Sale is expected to close, if the deal's conditions are met
Boone Health CEO Brady DuBois said Tuesday the buyer intends to keep the approximately 2,300 existing employees and won't reduce services.