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Allen Mooney & Barnes Brokerage Services exclusive advisor to Tulsa Spine & Specialty Hospital in its sale of 51% interest to Hillcrest HealthCare System
Allen Mooney & Barnes Brokerage Services (AMB) has announced the purchase of 51% membership interest of Tulsa Spine & Specialty Hospital, LLC (TSSH) by Hillcrest HealthCare System (HHS), a subsidiary of Ardent Health Services (Ardent). AMB served as the exclusive financial advisor to TSSH in the transaction. Gordon Maner, head of Investment Banking at AMB, stated that this transaction “provides TSSH with a strong partner to further build upon its reputation as the leading surgical hospital in Tulsa.” Ardent Health Services subsidiaries own and operate health systems and related healthcare assets across the U.S. With newly implemented legislation restricting the expansion of existing hospitals and the opening of new physician-owned hospitals, AMB is expecting to see many more of these type transactions in the physician-owned hospital sector.