Boone Health will operate under Ardent Health following a process spanning more than a year of looking for a strategic partner, and will lose its nonprofit status.
The transaction includes a $47 million purchase price, along with a commitment from Ardent to invest $200 million over the next 10 years. The ownership change will let the hospital expand its services while maintaining a local identity.
Ardent will take ownership of the 392-bed Boone Hospital Center, Boone Health Medical Group, 19 sites of care, related ancillary services and associated real estate. The transaction is expected to be completed in the first quarter of 2027…