BH1, based in Nashville, Tenn., is a freestanding and self-sustaining nonprofit organization with a governing board of directors. Its primary function is to manage assets and liabilities through investment, liquidation of assets and liabilities and support of the growth of healthcare services. To this purpose, BH1 owns and operates two specialty hospitals known as Baptist Women s Treatment Centers, located at Baptist Hospital in Nashville and Middle Tennessee Medical Center in Murfreesboro, Tenn. It also owns and operates a nurse staffing agency called Angel Healthcare Staffing. BH1 makes periodic investments in other institutions that are designed to generate funds to retire future liabilities of the company.