Health CareSaturday, November 14
Ardent Health will buy Boone Health for $47 million after commissioners approve the sale
The Daily Columbia team
If you use Boone Health, here's what's changing. Tennessee-based Ardent Health agreed to buy it for $47 million in cash, and the Boone County Commission voted unanimously Thursday to approve the sale.
The Boone Health deal by the numbers
- $47 million
- cash price for Boone Health
- $200 million
- Ardent's planned investment over 10 years
- 17
- possible buyers Boone Health chose from
- 18 months
- Boone Health spent looking for a partner
Source: KOMU 8
Ardent is a for-profit, publicly traded company, and Boone Health will lose its nonprofit status. CEO Brady DuBois says the biggest need is a bigger emergency room: “We’ve had plans for four years.” The money will also go to operating room modernization and physician recruitment. Ardent's five key commitments include no job losses for employees in good standing.
- Hospital: 392 beds and 19 sites of care
- Name: Boone Health keeps it
- Missouri: Boone Health is Ardent's only hospital here
- Closing: expected in the first quarter of 2027
The sale moved from first reading to approval in two days
- Nov. 10County Commission held a first reading of the sale proposal.
- Nov. 12Commission voted unanimously to approve, and Ardent announced the deal.
- Q1 2027The sale is expected to close.
Source: KOMU 8