Ardent Health Services

Ardent Health Services, formerly known as Behavioral Healthcare Corporation is a healthcare company based in Nashville, Tennessee, US.

Ardent Health Services
TypePrivate
Founded1993
FounderCharles A. Elcan
Headquarters
Nashville, Tennessee
,
United States
Key people
Martin J Bonick
OwnerVentas
Equity Group Investments
Number of employees
15,300[1]
Websiteardenthealth.com

History

The Behavioral Healthcare Corporation was founded in 1993 by Charles A. Elcan.[1][2] It was a subsidiary of Kindred Healthcare.[1] It operates hospitals in Tulsa, Oklahoma, Albuquerque, New Mexico, Amarillo, Texas, and, as of March 1, 2018, in Tyler, Texas.

By 2001, the private equity firm Welsh, Carson, Anderson & Stowe became majority shareholders.[3]

The company sold its psychiatric hospitals in 2005.[2] Additionally, it changed its name to Ardent Health Services.[2]

In 2015, Ventas acquired its real estate investments while Equity Group Investments acquired its hospitals, for US$1.75 billion.[4]

In February 2020, Ardent Health Services president and CEO David T. Vandewater announced his plans of retirement from the company. He will remain as president and CEO until a successor is named.[5]

In August 2020, Ardent Health Services appointed Martin J. Bonick as president and CEO.[6]

References
  1. "Company Overview of AHS Medical Holdings LLC". Bloomberg Business. Retrieved January 11, 2016.
  2. "America's Largest Private Companies: #292 Ardent Health Services". Forbes. Retrieved January 11, 2016.
  3. "History". Ardent Health Services. Archived from the original on April 24, 2015. Retrieved January 11, 2016.
  4. Chen, Angela (July 7, 2015). "Equity Group Investments to Take Majority Stake in Ardent's Hospital Operations: Deal values Ardent at about $475 million". The Wall Street Journal. Retrieved January 11, 2016.
  5. "Ardent Health Services President & CEO Announces Retirement from Company". www.businesswire.com. 2020-02-20. Retrieved 2020-03-03.
  6. "Ardent Health Services Names Martin Bonick President & CEO". 2020-08-17.
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