Baptist Healthcare System, which operates Central Baptist Hospital and others, announced Wednesday that it has acquired Pattie A. Clay Regional Medical Center in Richmond and also plans to change the entire system's name.
Going forward, the organization will be known as Baptist Health to better reflect that it offers far more than just hospital care, said spokeswoman Ruth Ann Childers.
"We are more than just a hospital," she said. "We are outpatient centers, fitness centers, urgent care clinics ... we are so much more now than a system of hospitals."
While the new brand becomes effective immediately, signs on the various locations as well as the name on the corporate Web site and each institution's Web site will be changed over the next few years.
The newest institution is Pattie A. Clay, which has been operated by Baptist Health since 2010 as part of a three-year management agreement that developed into the recent ownership deal.
In what's called a member-substitution agreement, Baptist Health took over ownership of the hospital with no financial terms.
"It's not a merger," Childers said. "There is no selling of assets.
"They are just now part of the Baptist Healthcare System, now known as Baptist Health."
With Pattie A. Clay's addition, Baptist Health now owns six acute-care hospitals with more than 1,500 beds in Corbin, La Grange, Lexington, Louisville, Paducah and Richmond. The organization also manages Hardin Memorial, a 300-bed acute-care hospital in Elizabethtown, and Russell County Hospital, a 25-bed critical access hospital in Russell Springs.