Ardent Health Announces Definitive Agreement to Acquire Boone Health
Key Highlights
- ➤Ardent to acquire Boone Health for $47 million in cash
- ➤Boone Health generates approximately $480 million annual revenue
- ➤Ardent commits $200 million over 10 years to Boone Health
- ➤Transaction expected to reach 6-8% Adjusted EBITDA accretion in year three
- ➤Integration synergies expected to reach at least $30 million in year three
Expert Statements
Dave Caspers, President and Chief Executive Officer of Ardent Health
“Boone Health has built an outstanding reputation for quality, nursing excellence, patient care and outcomes, and we are honored its Board of Trustees and Board of Directors selected Ardent as its partner for the future”
Dave Caspers, President and Chief Executive Officer of Ardent Health
“This agreement advances our disciplined capital allocation strategy and provides a significant opportunity to expand patient access, strengthen specialty services and invest in care delivery”
Dave Caspers, President and Chief Executive Officer of Ardent Health
“We are committed to investing in Boone Health’s facilities, technology and people so the organization can continue delivering high-quality healthcare to residents of Columbia and the 26 counties of Mid-Missouri for generations to come.”
Jerry Kennett, MD, Chair of the Boone Health Board of Trustees
“Boone Health has been a cornerstone of care in Columbia and Mid-Missouri for more than a century”
Jerry Kennett, MD, Chair of the Boone Health Board of Trustees
“In Ardent, we identified a partner that supports our mission, respects our culture and can accelerate our vision without compromising what makes Boone Health special.”
Jerry Kennett, MD, Chair of the Boone Health Board of Trustees
“Following a thoughtful review, the Board is confident Ardent is the right long-term partner for Boone Health.”
Jerry Kennett, MD, Chair of the Boone Health Board of Trustees
“This agreement protects what our community has built while giving Boone Health the resources it needs to grow.”
Brady Dubois, Chief Executive Officer of Boone Health
“Ardent's track record of investing in community-based health systems, maintaining strong quality and expanding access aligned with our long-term vision for this organization”
Brady Dubois, Chief Executive Officer of Boone Health
“This partnership will allow us to build on our strengths, invest in new services and continue delivering the high-quality care our community has come to expect from Boone Health.”
Ardent Health Announces Definitive Agreement to Acquire Boone Health
* Expands Ardent’s footprint into an attractive mid-sized Missouri market with a scaled health system that generates ~$480 million of annual revenue(1) * Provides $200 million capital commitment over 10 years to expand access, invest in facilities and technology, and recruit physicians to Mid-Missouri * Transaction expected to deliver 6-8% accretion in year three to Ardent’s Adjusted EBITDA * Ardent management to host conference call at 5 p.m. Eastern Time today, November 12, 2026, to discuss details of the transaction Ardent Health (NYSE: ARDT), a leading provider of healthcare in growing mid-sized urban communities across the U.S., today announced a definitive agreement to acquire Boone Health , a not-for-profit health system based in Columbia, Missouri, for a purchase price of $47 million in cash. The acquisition will include the 392-bed Boone Hospital Center, Boone Health Medical Group, 19 sites of care, related ancillary services and associated real estate. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions.
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