The significance of WellStar's hospital acquisitions in Atlanta

By Admin

May 17, 2020

undefined mins

In an effort to expand its successful clinical care models and patient safety programs, WellStar Health System has come to terms on purchasing five Atla...

In an effort to expand its successful clinical care models and patient safety programs, WellStar Health System has come to terms on purchasing five Atlanta-area hospitals owned by Dallas-based Tenet Healthcare.

The deal is valued at $661 million, which includes a sale price of $575 million and around $86 million in debt.

Marrietta, Ga.-based WellStar will acquire North Fulton Hospital, Sylvan Grove Hospital, Atlanta Medical Center and its South Campus, Spalding Regional Hospital as well as Tenet’s complimentary physician practices in Atlanta. The facilities include a combined total of 1,192 licensed hospital beds with around 4,300 team members and a medical staff consisting of 1,390 physicians and advanced practice professionals.

“These strategic moves are a continuation of our mission to improve the health and well-being of our communities,” said WellStar president and CEO Candice Saunders. “WellStar will be better suited to address changes in the healthcare industry.”

With a vision of delivering world-class healthcare, WellStar is the largest community not-for-profit health system in Georgia, serving over 1.4 million citizens in five counties. It is also a national leader in new innovative ways to execute healthcare delivery, and appeared on the recent list of FORTUNE’s 100 Best Companies to Work For.

Following the acquisition, WellStar will employ around 20,000 team members across 11 hospital campuses, as well as over 200 medical office locations and several outpatient facilities. The deal softens the blow from over the summer when WellStar was unable to finalize a deal to merge with Emory Healthcare.

WellStar is seeking growth to expand the reach of its population health programs, which includes the launch of a clinically integrated network this year, according to Saunders. The system will extend its clinical and quality improvement programs to the newly acquired hospitals and clinics.

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