Ardent Health Services is proving to be a very good thing for the city of Tyler and other local entities.
In September 2017, Ardent and UT Health Northeast announced a partnership that combines UT Health’s hospital and clinical services with the hospitals and clinical services of East Texas Medical Center Regional Healthcare System. The company completed the acquisition of ETMC and all of its affiliated hospitals, clinics, and providers in March.
Tyler City Manager Edward Broussard said they’re seeing a 6.9% increase in their tax base with the addition of UT Health East Texas and that greatly affected the proposed city budget for 2018-2019. The company has added over $197,000,000 to the tax rolls and has generated more than $482,000 in additional revenue.
"Ardent allows us to put that additional value back on tax roles," said Broussard. "That then helps us move forward and stabilize our general fund services without having to put that on the back of our existing property owners here in our community.”
Broussard said that before the acquisition city officials worried they would have to increase property tax rates more than they'd like to. He adds that the city isn't the only entity benefiting from Ardent.
"It helps us with some other government institutions," said Broussard. "Everything from Tyler Junior College to Tyler ISD and Smith County benefits as well."
UT Health East Texas marked Ardent's eighth partnership with a not-for-profit health system. The company also operates 31 other hospitals in seven different states. UT Health East Texas includes 10 hospitals, 13 regional rehabilitation facilities, an EMS fleet, four helicopters, and a home health service covering more than 40 counties.