Orlando, FL (August 5, 2024) – Orlando Health, Inc., has signed a definitive agreement to purchase Tenet Healthcare’s majority interest in Brookwood Baptist Health in Birmingham, Alabama. Brookwood Baptist Health was formed in 2015 following a merger agreement between Tenet Healthcare and Baptist Health System. Orlando Health, a private, not-for-profit healthcare organization, will manage day-to-day operations of Brookwood Baptist Health in partnership with Baptist Health System. Baptist Health System will remain in the partnership and it will remain a faith-based organization.
“We are honored to further Brookwood Baptist Health’s mission of extending the healing ministry of Christ. There is a need and opportunity for a private, not-for-profit healthcare system in this market,” said David Strong, president and CEO Orlando Health. “We believe this is a new day in healthcare for our organizations and look forward to making Brookwood Baptist the best healthcare system in Alabama.”
"We are pleased to have Orlando Health join Brookwood Baptist Health as a majority and managing partner.They have a proven track record in delivering high-quality healthcare services and are well positioned to invest in our community. We are excited to welcome them to Birmingham and to jointly support the faith-based mission of Brookwood Baptist Health," said Amy Allen, president and CEO of Baptist Health System.
Thibaut van Marcke (TEE bow van MARK), who currently serves 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.
Brookwood Baptist Health consists of five hospitals across Central Alabama with more than 1,700 beds, more than 70 primary and specialty care clinics, approximately 1,500 affiliated physicians and more than 7,300 employees.
Orlando Health is a private, not-for-profit healthcare organization that currently serves the southeastern United States and Puerto Rico. Headquartered in Orlando, Florida, the system was founded more than 100 years ago.
Orlando Health is a 3,487-bed system that includes 17 hospitals, 10 free-standing emergency rooms and nine Hospital Care at Home programs. An additional four hospitals and six free-standing emergency rooms are in development. The system also includes seven partner hospitals and emergency departments located in Puerto Rico and 10 specialty institutes in aesthetic and reconstructive surgery, cancer, colon and rectal, digestive health, heart and vascular, neuroscience, orthopedics, rehabilitation, weight loss and bariatric surgery. In addition, the system also includes skilled nursing facilities, an in-patient behavioral health facility under the management of Acadia Healthcare, and more than 375 outpatient facilities that include physician clinics, imaging and laboratory services, wound care centers, home healthcare services in partnership with LHC Group, and urgent care centers in partnership with CareSpot Urgent Care. More than 4,950 physicians, representing more than 100 medical specialties and subspecialties have privileges across the Orlando Health system, which employs more than 29,000 team members and more than 1,500 physicians.
The transaction is expected to close in the fall of 2024, subject to customary closing conditions, including satisfactory completion of the required consents or approvals of relevant governmental authorities. Honoring the legacy of the organization, at closing, the name of the system will become Baptist Health.
About Orlando Health
Orlando Health is a private, not-for-profit healthcare organization with $10.5 billion of assets under management.
The healthcare system is recognized around the world for Central Florida’s only pediatric and adult Level I Trauma program as well as the only state-accredited Level II Adult Trauma Center in Pinellas County, Florida. It is the home of one of the nation’s largest neonatal intensive care units, one of the only systems in the Southeast to offer open fetal surgery to repair the most severe forms of spina bifida, the site of an Olympic athlete training facility and operator of one of the largest and highest performing clinically integrated networks in the region. Orlando Health has pioneered life-changing medical research and its Graduate Medical Education program hosts more than 350 residents and fellows.
In FY 23, Orlando Health cared for 197,000 inpatients and 6.6 million outpatients. The healthcare system provided nearly $1.3 billion in economic impact to the communities it serves in the form of community benefit programs and services, Medicare shortfalls, bad debt, community-building activities and capital investments in FY 22, the most recent period for which this information is available.
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