Newsletter Articles | December 1, 2003
Ardent Acquires Northwestern Institute Of Psychiatry
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst
Industry News
Ardent Health Services, which on October 8, 2003, completed a deal to acquire the 146-bed Northwestern Institute of Psychiatry in Philadelphia, is planning to give the hospital a major facelift. Ardent officials would not comment on the price paid for Northwestern, but Wall Street sources familiar with the negotiations put the price tag at $7.7 million. Ardent acquired the facility from Nicholas Tenaglia, M.D. Two affiliated hospitals, Eugenia Hospital and the Malvern Institute, were not included in . . .