Baptist Health acquires 9th hospital for $361M

The deal closed about 3 years after the Hardin Memorial Health board of trustees signed a letter of intent to pursue the sale to Baptist Health. With the deal settled, Hardin Memorial Health has been relabelled Baptist Health Hardin..

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” While the name is changing, some things will not change,” Baptist Health CEO Gerard Colman stated in a press release. “You can anticipate the exact same quality healthcare youve familiarized from familiar faces.”.

Louisville, Ky.-based Baptist Health completed its purchase of Hardin Memorial Health in Elizabethtown, Ky., on Sept. 1..

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The property purchase agreement spells out $361.4 million in financial investments and payments, including $235 million in operating and capital financial investments over 10 years. Baptist stated it will invest $150 million in Hardin Memorial Health in the very first five years to build new centers, recruit doctors and upgrade IT and devices..