M&A Deal Summary

Vanderbilt University Medical Center Acquires Tennova Healthcare

On March 29, 2019, Vanderbilt University Medical Center acquired healthcare services company Tennova Healthcare from CHS

Acquisition Highlights
  • This is Vanderbilt University Medical Center’s 1st transaction in the Healthcare Services sector.
  • This is Vanderbilt University Medical Center’s 1st transaction in the United States.
  • This is Vanderbilt University Medical Center’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-03-29
Target Tennova Healthcare
Sector Healthcare Services
Buyer(s) Vanderbilt University Medical Center
Sellers(s) CHS
Deal Type Divestiture

Target

Tennova Healthcare

Franklin, Tennessee, United States
Tennova Healthcare brings quality, innovative healthcare to a community with comprehensive medical services and an experienced team of physicians and caregivers. Tennova Healthcare committed to meeting the ever-changing needs of doctors and patients by investing in modern technology and expanding medical services provided.

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Buyer(S) 1

Buyer

Vanderbilt University Medical Center

Nashville, Tennessee, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Vanderbilt University Medical Center is an academic medical center and is the largest comprehensive health system in Tennessee. Vanderbilt University core missions are the delivery of patient care, performing biomedical research and training future leaders in healthcare. VUMC is working with over 60 hospitals and 5,000 clinicians across Tennessee and five neighboring states to share best practices and bring value-driven and cost-effective health care to the Mid-South.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

CHS

Franklin, Tennessee, United States

Category Company
Founded 1996
Sector Healthcare Services
Employees48,000
Revenue 12.6B USD (2024)
DESCRIPTION
Community Health Systems' corporate headquarters in Franklin, Tennessee.
Community Health Systems' corporate headquarters in Franklin, Tennessee.

CHS is an operator of general acute care hospitals. The organization’s affiliates own, operate or lease 207 hospitals in 29 states with approximately 31,100 licensed beds. Affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. CHS was incorporated in 1996 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 16 of 22
Sector: Healthcare Services M&A 16 of 22
Type: Divestiture M&A Deals 16 of 22
State: Tennessee M&A 1 of 2
Country: United States M&A 16 of 22
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 Highlands Regional Medical Center

Sebring, Florida, United States

Highlands Regional Medical Center is a provider of quality health care services that improve the quality of life for our patients, physicians and the communities we serve. Highlands Regional Medical Center was established in 1965 and is headquartered in Sebring, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Duke Health Lake Norman Hospital

Mooresville, North Carolina, United States

Duke Health Lake Norman Hospital is a 24-hour emergency care, labor and delivery services, cardiology, surgical, orthopedic care, and outpatient imaging center.

Sell $284M