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''Commitment to Northwest Florida and South Alabama Residents Focuses on Expanded Services and Strengthened Health Care Excellence''
PENSACOLA, Fla. (June 26, 2008) – Today, Baptist Health Care signed an asset purchase agreement with Hospital Corporation of America (HCA) to acquire West Florida Hospital for $245 million. Once regulatory approvals are obtained, financing is secured and the purchase is [[complete]], currently anticipated to be by the end of 2008, residents of Northwest Florida and surrounding areas will have expanded access to more than 60 Baptist Health Care locations. Baptist Health Care will redefine health care excellence in Northwest Florida, while remaining a locally owned not-for-profit health care organization.
“This acquisition will enhance the best of both organizations and provides for expansion of our services to meet the needs of our patients and the community,” stated Al Stubblefield, President/CEO, Baptist Health Care. “For more than a decade, Baptist Health Care has earned a reputation for providing quality health care with superior customer satisfaction. By creating a strong, service-oriented culture of excellence within our organization and among our employees, Baptist Health Care has spent multiple years in the top one percent in patient satisfaction surveys. We know the acquisition of West Florida Hospital will allow us to continue our high standard of personal care while expanding services to serve the entire Northwest Florida region.”
