Nashville-based SpecialtyCare has partnered with New York private equity firm Kohlberg & Co. to purchase the physician services business line from American Securities. In other news from the company, SpecialtyCare leader Melvin Hall, PhD, will move from CEO to executive chairman and Sam Weinstein, MD, will transition to CEO from his previous roles as president and chief medical officer.

Nashville-based Ardent Health Services has partnered with the University of Texas System to acquire East Texas Medical Center (ETMC) Regional Healthcare System. Ardent Health will assume majority ownership and operate the newly formed 10-hospital health system. In addition to the regional hospitals, the deal includes the ETMC Rehabilitation Hospital and the ETMC Specialty Hospital in Tyler, Texas plus the Olympic Plaza Tower, 13 regional rehabilitation facilities, physician clinics, two freestanding emergency centers, regional home health services covering 41 counties, a behavioral health center and a comprehensive 7-trauma center care network, including a Level 1.

Execs with Brentwood-based Quorum Health Corp. have signed agreements to divest L.V. Stabler Memorial Hospital in Alabama and Vista medical Center in Illinois.

Brentwood-based AAC recently announced an $85 million deal to acquire AdCare Inc., which runs an inpatient hospital, residential treatment and outpatient services in New England.