Lovelace's parent company grows system with out-of-state acquisition

Ardent Health Services, the parent company of the Lovelace Health System, has grown by 378 beds, a hospital and more than a dozen clinics virtually overnight through a deal it announced Wednesday. Ardent teamed up with the University of Kansas Health System to acquire Topeka, Kansas-based St. Francis Health. Ardent did not disclose the terms of the deal, but did say in a statement it plans to invest, along with the Kansas Health System, $50 million into the newly acquired hospital and its 15 clinics. The hospital will be renamed The University of Kansas Health System St. Francis Campus.

Albuquerque Business First covered the story below. https://www.bizjournals.com/albuquerque/news/2017/11/01/lovelaces-parent...

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