Clarksville's Tennova hospital being sold to Vanderbilt University system

The company that owns a majority stake in Tennova Healthcare in Clarksville announced Friday that it reached an agreement to sell the hospital to Vanderbilt University Medical Center.

Vanderbilt, which already held a minority stake, will pay $600 million to acquire full ownership of the 270-bed hospital and related services.

The transaction is expected to close in early 2026, pending approval.

The new name for Tennova has not been announced.

VUMC plans to hire all employees of Tennova who are in good standing when transfer of the hospital’s ownership is complete.

The move comes during a surge of interest in the health care business in Clarksville.

In July, Ascension Saint Thomas was granted a state Certificate of Need to build a 44-bed hospital in Clarksville, expandable to 132 beds. The $148.5 million investment is expected to open in 2028.

At the same hearing, TriStar Health, part of Brentwood-based HCA Healthcare, was approved for a 68-bed hospital, expandable to 224 beds. The $286 million investment will serve both Montgomery and Stewart counties.