For the third time in less than 10 years, Sparks Health System will have a new owner. Little Rock-based Baptist Health System has agreed to acquire the Fort Smith hospital from Franklin, Tenn.-based Community Health Systems (CHS).
A transaction amount was not disclosed in the CHS announcement Wednesday (July 18). The deal is set to close in the fourth quarter of 2018.
“I’m humbled to think of the opportunities we have for the state’s first hospital in Fort Smith to join Baptist Health, the state’s largest and most comprehensive health-care system,” Troy Wells, president and CEO of Baptist Health, said in a statement from Baptist. “It is an honor to align our organization with the outstanding reputation of the entire Sparks family and its team of dedicated physicians and caregivers.”