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Baptist Health agrees to acquire Floyd Memorial for $150 million

By Louisville Business First  
   March 10, 2016

After a monthslong courtship, two local health systems are "engaged to be engaged." That's according to Baptist Healthcare System Inc. CEO Steve Hanson, who offered Floyd Memorial Hospital and Health Services president and CEO Daniel Eichenberger his pin at a news conference Wednesday. It was a symbolic gesture that came after the two signed a letter of intent for Louisville-based Baptist Health to buy New Albany's Floyd Memorial for $150 million. Baptist Health would assume all Floyd Memorial assets and liabilities in the deal and would make a total commitment of $300 million, Eichenberger said.

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