Sale of DeKalb Hospital Becomes Final

July 1, 2006
Dwayne Page

Cannon County Hospital, LLC and Saint Thomas Health Services have jointly announced that the sale of DeKalb Hospital, Smithville has been finalized.

Cannon County Hospital, LLC assumed ownership of the hospital at the close of business on Friday.

The sale of DeKalb Hospital to Cannon County Hospital, LLC was announced in April. The transaction was reviewed by the Tennessee Office of the Attorney General and both Saint Thomas Health Services and Cannon County, LLC were notified that the Attorney General would take no action in the proceeding clearing the way for the immediate closure of the sale.

DeKalb Hospital has been a part of Saint Thomas Health Services since 2002 when Saint Thomas Hospital acquired the Baptist Health Care System. The criteria for considering organizations interested in purchasing DeKalb Hospital included commitments to continuing health care services in DeKalb County and to the continued employment and well being of associates employed there.

The principals in Cannon County Hospital, LLC, also own Stones River Hospital,a 65 bed hospital in Woodbury. Stones River Hospital was acquired in 1999 and has grown through the addition of new physicians and services.

Saint Thomas Health Services is a faith based ministry serving Middle Tennessee. Saint Thomas Health Services consists of four hospitals: Baptist and Saint Thomas Hospitals in Nashville, Middle Tennessee Medical Center in Murfreesboro, and Hickman Community Hospital in Centerville. It is a member of Ascension Health, a Catholic Organization, that is the largest not-for profit health system in the United States.

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