Marietta, Ga.-based WellStar Health System announced it will acquire five Atlanta-area Tenet Healthcare Corporation hospitals.
The deal, which is for a reported $661 million, includes the sale of Atlanta Medical Center and its South Campus, North Fulton Hospital, Spalding Regional Hospital and Sylvan Grove Hospital, as well as 26 physician clinics. In all, the Tenet facilities include 1,192 licensed hospital beds supported by approximately 4,300 team members and a medical staff of 1,390 physicians and advanced practice professionals.
WellStar is seeking to grow its health system and the deal would double the number of its hospitals to 11 hospital campuses. The health system also announced earlier this year plans to acquire West Georgia Health, a single-hospital system.
“Since we began exploring the sale of our Atlanta facilities, we sought an operator with the leadership and capability to continue delivering high-quality care for many years to come,” Keith Pitts, vice chairman of Tenet Healthcare, which is based in Dallas, Texas, said in a statement. “We have a deep respect for WellStar’s commitment to the Atlanta community and its people. We are pleased our people and operations are joining a network with a shared vision to continuously improve healthcare and invest in its system’s growth.”
Candice Saunders, president and CEO of WellStar Health System, said the strategic moves are a “continuation of WellStar’s mission to improve the health and wellbeing of its communities and will be better suited to address changes in the healthcare industry.”
“Through our compassionate and skilled caregivers, WellStar serves the healthcare needs of a diverse, growing population,” she said.