Ardent Merges with LHP Hospital Group

We served as healthcare regulatory counsel for Ardent Health Services in its merger with LHP Hospital Group. The transaction created the second largest private, for-profit hospital operator in the United States with 19 hospitals across six states and $3 billion in revenues. Terms of the transaction were not disclosed. Ardent currently operates three health systems with 14 hospitals and employs multi-specialty physicians in nearly 100 clinic locations across New Mexico, Oklahoma and Texas. LHP operates five acute-care hospitals in Florida, Idaho, New Jersey and Texas with its joint venture partners, which include leading not-for-profit and academic medical centers.

Ardent operations are owned by an affiliate of Equity Group Investments (EGI), a Chicago-based private investment firm; Ventas, Inc., a leading real estate investment trust; and members of Ardent’s executive management team.

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