Nashville-based Ardent Health Services announced plans to purchase Plano’s LHP Hospital Group Inc. on Thursday, a deal that would make the Tennessee chain the nation’s second largest private hospital operator.
Even though it is based in Plano, LHP operates no hospitals in Dallas-Fort Worth. It operates five, all of which are joint ventures: Seton Medical Center in Harker Heights, outside Killeen; Bay Medical Center in Panama City, Fla.; HUMC Mountainside in Montclair, N.J.; HUMC at Pascack Valley in Westwood, N.J.; and Portneuf Medical Center in Pocatello, Idaho.
The new company will likely include 19 hospitals in six states. Ardent is a rapidly growing chain of hospitals and clinics. David Vandewater – its CEO – told The Tennessean that acquiring the Plano company would be a “stepping stone” to buying other facilities.
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