DALLAS – Bracewell LLP represented East Texas Medical Center Regional Healthcare System and its affiliates (ETMC), based in Texas, in connection with the sale of substantially all of its assets to Ardent Health Services and certain affiliates (Ardent), based in Nashville. The assets sold to Ardent included a network of nine hospitals (including regional hospitals located in Athens, Carthage, Henderson, Jacksonville, Pittsburg and Quitman), 39 clinics, two inpatient facilities (the ETMC Rehabilitation Hospital and the ETMC Specialty Hospital), the Olympic Plaza Tower, 13 regional rehabilitation facilities, physician clinics, two freestanding emergency centers, regional home health services covering 41 counties, a behavioral health center, a comprehensive seven-trauma center care network, including a Level 1, and an EMS fleet of more than 45 ambulances and four helicopters. In connection with the completion of the acquisition, Ardent and The University of Texas Health Science Center at Tyler (one of the members of The University of Texas System) formed a partnership to create and operate the new health system, which also included assets of The University of Texas Health Science Center at Tyler, to benefit East Texas. Ardent and the UT Health System will invest more than $125 million in the new UT Health East Texas health system over five years to support operations and fund improvements.
Bracewell lawyers involved in the transaction included:
Partners: Cristy C. Edwards, R. Todd Greenwalt, Brian P. Teaff, Daniel E. Hemli, K. Brock Bailey, Timothy A. Wilkins and Edmund W. Robb
Counsel: Jacqueline R. Java and Ian R. Brown
Associate: Christie L. Latimer