Ardent Health Services to buy ETMC, will become part of UT medical system
The embattled
Two potential buyers stepped forward. One was
The second bidder was
Bids were similar in size, but the Ardent proposal was more than a simple sale, say sources close to the negotiations. Using a model developed in a deal with the
The deal will have to be approved by the
UT Health Northeast will play a role in running the new entity's teaching and research functions, sources say. But
Instead, the new
The Tyler Paper reached out to
Here's how the arrangement works in
"
At the time, St. Francis was in trouble.
According to the
AP added, "Ardent, based in
In the St. Francis announcement, Ardent said it would "preserve the jobs for substantially all of
Sources close to the
ETMC TROUBLES
The
That suit claims the agency engaged in a
Paramedics Plus has now been spun off into a separate entity, and is not part of the Ardent deal.
The
"The downgrade to B3 (speculative) reflects the significant variance to budget through the first quarter of FY 2017 and the rapid, unexpected decline in liquidity,"
"We recognize the assessment of
A few weeks later,
"In the past, healthcare systems of our size could uphold their mission of care and remain independent. It wasn't easy, but it was doable,"
According to sources, Ellis will not have a role in
Twitter: @tmt_roy
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