Company Overview of AHS Medical Holdings LLC

Baptist Community Services and Ardent Health Services LLC have formed a new joint venture which will own and operate BSA Health System. The agreement represents a significant ownership change for BSA. The joint venture will include the 445-bed hospital, the Don & Sybil Harrington Cancer Center, a network of primary care, urgent care, surgical and bariatric clinics, a preferred provider network and BSA's partnership interests in Physicians Surgical Hospitals, ADC Endoscopy, and Advanced Imaging Center. Baptist Community Services and CHRISTUS Health have owned and operated the system since 1996. Ardent subsidiaries own and operate 11 hospitals, a health plan, two multi-specialty physician groups and 11 retail pharmacies. Its affiliate healthcare operations serve Tulsa, Okla. and surrounding communities and Albuquerque and Roswell, N.M. Key Commitments: As part of the new joint venture, Ardent Health Services will, among other commitments: Preserve the BSA mission and its name, as well as the names of its affiliates. Invest $50 million into two specific projects: Construction of a new expanded Emergency Room, one large enough to more than handle current and future emergency volumes. Building a new cancer clinical facility that will house the patient care services of the Harrington Cancer Center. Invest significant capital -- $75 million - into BSA over the next five years for additional services, new equipment and technology and to improve the health system. Guarantee all employees are hired upon the completion of the sale, and that benefits and compensation will remain essentially the same. Endorse and support BSA's current charity care policies. Continue the chaplaincy program which serves the spiritual needs of BSA patients and families. Keep current insurance and payer contracts, so employees in the region whose insurance currently includes BSA as a preferred provider will see no change. Ardent will own 80% of the joint venture, and Baptist Community Services will own 20%. Ardent and Baptist Community Services will each appoint half of the joint venture governing board, which will ensure there will be substantial local governance and representation.

Ardent Health Services LLC Presents at HIMSS Summit of the Southeast 2011, Sep-29-2011 07:00 AM. Venue: Opryland Hotel, Nashville, Tennessee, United States. Speakers: Mark Gilliam, Chief Information Officer and Vice President.

Ardent Health Services LLC is continuing to review the acquisition opportunities available in the market. Ardent’s President and Chief Executive Officer, David Vandewater told NashvillePost.com, “But the two deals we’ve just announced bolster our current operations in our current locations, and that we believe that shores up weaknesses that we have and we believe it puts us in a significant position to improve our operations and our delivery network."