Vanderbilt University Medical Center (VUMC) has signed a definitive agreement to acquire Tennova Healthcare-Lebanon, a two-campus facility licensed for 245 beds in Tennessee, from subsidiaries of Community Health Systems (CHS) for undisclosed amount.
Under the agreement, VUMC will acquire the facility and associated businesses, including physician clinic operations and outpatient services.
The deal, which is subject to regulatory approvals, is likely to complete in the third quarter of this year.
Once the deal is complete, VUMC plans to retain substantially all employees of Tennova Healthcare-Lebanon.
Currently, the hospital has over 200 physicians and employs around 600 administrators, nurses and support personnel. It provides an array of services to patients of Mt. Juliet, Lebanon and other nearby communities.
With this purchase, VUMC will have a significant presence in four counties of Tennessee: Rutherford, Williamson, Davidson and Wilson.
The 37,500ft2 facility in Rutherford County in currently under construction and will become a part of Monroe Carell Jr. Children’s Hospital at Vanderbilt. Once the facility becomes operational, it will expand pediatric specialty care, outpatient surgery and imaging services for children in Murfreesboro and nearby communities.
VUMC president and CEO and Vanderbilt University School of Medicine dean Jeff Balser said: “This hospital is an important addition to our health system as we continue to increase its size and scale to meet the needs of Middle Tennessee’s rapid growth and the diverse population we serve. Central to our mission as an academic medical center, we will be able to bring new clinical services and other initiatives, such as programs in population health, to the citizens of Wilson County and surrounding communities, improving health throughout the region.”
In 2007, Tennova Healthcare-Lebanon saw admissions of over 5,000 patients and had over 65,000 outpatient visits. During the same year, almost 6,700 surgeries were carried out at the hospital.
VUMC deputy CEO and chief health system officer C Wright Pinson said: “We look forward to welcoming the hospital’s physicians, nurses and staff, along with the patients and families they serve, into the VUMC health system.”