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Ardent Health continues acquisition of urgent care clinics
The Tennessee-based health system has picked up 18 clinics in Oklahoma and New Mexico, following the purchase of other clinics recently.
Ardent Health Services continues to add more urgent care centers to its footprint.
Ardent Health Services announced the acquisition of 18 urgent care clinics in Oklahoma and Tennessee from NextCare Urgent Care. Marty Bonick, president and CEO of Ardent Health, said expanding the company's urgent care footprint is a key part of its strategy.
The Tennessee-based health system announced the acquisition of 18 urgent care clinics in Oklahoma and Tennessee from NextCare Urgent Care.
A for-profit system, Ardent acquired 12 urgent care clinics in Oklahoma that will become part of the Hillcrest HealthCare System, along with six urgent care clinics in New Mexico, which will become part of Lovelace Health System.
The deal expands Ardent’s ambulatory offerings in both states and offers more access to patients, said Marty Bonick, president and CEO of Ardent Health.
“Expanding our urgent care footprint represents significant progress in our mission to create a consumer-focused ecosystem of care in each of the communities we serve,” Bonick said in a statement.
“We’re helping patients receive the care they need, when and where they need it, by increasing access to convenient, high-quality services,” Bonick added. “These additional access points also bring new patients into our network while creating enhanced capacity to serve patients within our clinics and Emergency Departments.”
With the completion of the deal, Ardent Health bolsters its presence in both Oklahoma and New Mexico. Ardent now operates eight hospitals and 57 other healthcare locations in Oklahoma, and the system runs five hospitals and 25 outpatient facilities in New Mexico.
The deal comes after Ardent Health acquired a total of nine urgent care centers in eastern Texas and Topeka, Kansas in 2024.
Ardent Health reported $1.45 billion in revenue in the third quarter of 2024, a 5.2% increase compared to the same quarter in 2023. The system also reported a 6.4% uptick in admissions in the third quarter, year over year.
Ardent Health operates 30 acute care hospitals and more than 200 other healthcare locations in six states: Texas, Oklahoma, New Mexico, Kansas, Idaho and New Jersey. The system says it is concentrating on mid-size urban markets with rates of growth exceeding the national average.
The company held an initial public offering of its stock last year, netting about $192 million.
