New Owner Now in Control at Jonesboro Hospital

December 1, 2003 - Posted at 2:58 p.m. CDT

JONESBORO, AR - The Regional Medical Center of Northeast Arkansas officially now has a new owner.

Plano, Texas-based Triad Hospitals Incorporated took over operations this morning after buying Regional and three other Arkansas hospitals from Tenet Healthcare Corporation in a $134 million package deal.

The deal was announced in September, but did not become official until this morning.  Meanwhile, the hospital announced this afternoon that CEO Hank Walkley will no longer retain that position.  COO/CNO James Barker will also leave his position with Regional.  An interim CEO has been selected and Regional's Board of Trustees will begin the process of searching for a new CEO immediately.

Meanwhile, several Triad corporate officials are expected in to be in town Tuesday for a celebration and official announcement.