Orlando Health announced an agreement to acquire Tenet Healthcare’s majority interest in Brookwood Baptist Health, with the transaction expected to close in fall 2024.
Orlando Health on Monday announced an agreement to acquire Tenet Healthcare’s majority interest in Brookwood Baptist Health, a healthcare system based in Birmingham, Alabama.
The acquisition will see Orlando Health managing day-to-day operations of Brookwood Baptist Health in partnership with the Baptist Health System, which will continue its involvement and ensure the organization remains faith-based. Thibaut van Marcke, currently serving as Senior Vice President of Orlando Health Southeast Region and President of Orlando Health Dr. P. Phillips Hospital, will lead Orlando Health’s efforts in Alabama, the company said in a prepared release.
Amy Allen, President and CEO of Baptist Health System, welcomed Orlando Health’s involvement, citing their track record in delivering healthcare services and their readiness to invest in the Birmingham community.
“We are pleased to have Orlando Health join Brookwood Baptist Health as a majority and managing partner. We are excited to welcome them to Birmingham and to jointly support the faith-based mission of Brookwood Baptist Health,” she said.
Brookwood Baptist Health comprises five hospitals across Central Alabama with more than 1,700 beds, over 70 primary and specialty care clinics, approximately 1,500 affiliated physicians, and more than 7,300 employees. The healthcare system was formed in 2015 following a merger agreement between Tenet Healthcare and Baptist Health System.
Orlando Health currently operates a system that includes 17 hospitals, 10 free-standing emergency rooms, and nine Hospital Care at Home programs. The system is also developing four additional hospitals and six more free-standing emergency rooms.
The transaction is expected to close in the fall of 2024, pending customary closing conditions and the required consents or approvals from relevant governmental authorities. Upon completion, the name of the system will honor its legacy by becoming Baptist Health.