BIRMINGHAM, Ala. & DALLAS--(BUSINESS WIRE)--Baptist Health System and Tenet Healthcare Corporation (NYSE:THC) have
formed a joint venture to own and operate a network of healthcare
facilities serving Birmingham and central Alabama. The joint venture
includes all Baptist Health System hospitals, Tenet’s Brookwood Medical
Center and each organization’s related businesses. Under the joint
venture arrangement, Tenet is the majority partner and will manage the
network’s operations.
The new organization unites Baptist Health System’s four hospitals –
Citizens Baptist Medical Center, Princeton Baptist Medical Center,
Shelby Baptist Medical Center and Walker Baptist Medical Center – with
Brookwood Medical Center. Together, the new system has more than 1,700
licensed beds, nine outpatient centers, 68 physician clinics delivering
primary and specialty care, more than 7,000 employees and approximately
1,500 affiliated physicians.
“With this new network, we will continue the longtime mission of both
Brookwood Medical Center and the Baptist Health System to provide
high-quality care to residents across central Alabama, while also
enhancing access to a wide range of healthcare resources for the
communities we serve,” said Keith Parrott, chief executive officer of
the new organization, who previously served as CEO of Baptist Health
System. “This new partnership will strengthen our collective efforts
throughout the region while also preserving and supporting the Baptist
tradition and our faith-based approach to quality healthcare.”
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services
company with more than 130,000 employees united around a common mission:
to help people live happier, healthier lives. Through its subsidiaries,
partnerships and joint ventures, including United Surgical Partners
International (USPI), the company operates 87 general acute care
hospitals, 19 short-stay surgical hospitals and over 425 outpatient
centers in the United States, as well as nine facilities in the United
Kingdom. Tenet’s Conifer Health Solutions subsidiary provides
technology-enabled performance improvement and health management
solutions to hospitals, health systems, integrated delivery networks
(IDN), physician groups, self-insured organizations and health plans.
Tenet also operates six health plans. For more information, please visit www.tenethealth.com.
The terms "THC", "Tenet Healthcare Corporation", "the company", "we",
"us" or "our" refer to Tenet Healthcare Corporation or one or more of
its subsidiaries or affiliates as applicable.
