Vanderbilt Medical Center recently acquired Tennova Healthcare-Shelbyville. Based on Bedford County's weekly real estate transactions listings and information available from the Tennessee Comptroller of the Treasury's office, Vanderbilt paid $4.87 million, a price well below the assessed value.

"Through our agreement with Community Health Systems terms of the transaction will remain confidential," Vanderbilt representatives stated Thursday. "The transaction was a complicated multipart arrangement that focused on fair market value."

Within that arrangement is a total of 22 land acres. When asked about any future construction on the horizon, VUMC officials stated, "We approach plans for growth for each hospital in our system with consideration for what new programs and services may best benefit patients living in the area served by that hospital. We are actively in that process now."

Vanderbilt purchased the local hospital, owned by Shelbyville Hospital Corporation in Southlake, Texas, on Dec. 21, based on 2020 state records and thecounty real estate transactions list. The hospital has since been renamed Vanderbilt Bedford Hospital.

The state lists a land value on the hospital property (reappraisal year 2016) at $669,600. There was an improvement value of $23.05 million, bringing the total market appraisal value of the property on U.S. 231 North to just over $23.7 million.

As part of the acquisition, Vanderbilt Medical did agree to keep on staff all employees in good standing. Former Tennova Healthcare-Shelbyville Chief Executive Officer Bill Rich remains at the helm.

Leaders of Vanderbilt University Medical Center announced in early January the finalization of its acquisition of Tennova Healthcare-Shelbyville and Tennova Healthcare-Harton Tullahoma hospitals and their related businesses, including physician clinics and outpatient services, from subsidiaries of Community Health Systems, Inc.

Vanderbilt also acquired a minority ownership interest in affiliated Tennova Healthcare-Clarksville hospital and related physician practices through an agreement with Tennova's existing minority partner, GHS Holdings, LLC, a wholly owned subsidiary of Clarksville Volunteer Health, Inc., a Clarksville nonprofit.

With the new addition, the partnership between Tennova Healthcare-Clarksville and Vanderbilt is expected to create new opportunities to expand local medical resources for Clarksville, Montgomery County, and the surrounding region. For example, oncologists and a multidisciplinary team from Vanderbilt-Ingram Cancer Center currently provide care at the Vanderbilt-Ingram Cancer Center at Tennova Clarksville, and the new partnership will facilitate the offering of a greater array of oncology services.

In a 2019 transaction with subsidiaries of CHS, VUMC acquired Tennova Healthcare-Lebanon, a 274-bed hospital in Lebanon, Tennessee, now called Vanderbilt Wilson County Hospital. Through this transaction, Vanderbilt will be able to continue the work it has begun with Vanderbilt Wilson County Hospital in extending the benefits of academic medicine-cutting-edge treatments and the knowledge that comes from research and education-to the residents of Bedford, Coffee, Montgomery, Rutherford and Sumner counties.