Baptist Health Acquires Floyd Memorial

The hospital provides services throughout seven counties.

Floyd Memorial Hospital and Health Services in New Albany is officially under new ownership. Louisville-based Baptist Health has acquired the hospital, which will now be known as Baptist Health Floyd, for nearly $140 million.

Floyd County, which previously owned the hospital, has received about $75 million up front and Baptist Health will pay another $61 million over the next 10 years. The health system says it will also make $140 million in capital investments over the next seven years to expand services, boost technological capabilities and transition to a new electronic medical records system.

"We are very excited about this new addition to the Baptist Health Family. Baptist Health Floyd is the first Baptist Health hospital outside Kentucky’s borders, although we’ve served patients from surrounding states for years," said Steve Hanson, chief executive officer of Baptist Heath. "Southern Indiana residents can expect to receive the same excellent care and service they have come to expect, now with the added benefit of being under the Baptist Health umbrella."

Daniel Eichenberger, president of Baptist Health Floyd, says, aside from the new name and logo, patients should not see any differences. Baptist Health plans to hold a tree planting and blessing ceremony at the hospital on October 21.