Triad Hospitals
From Wikipedia, the free encyclopedia
| Triad Hospitals | |
|---|---|
| Fate | merged |
| Successor | Community Health Systems |
| Founded | |
| Defunct | July 2007 |
| Location | Plano, Texas |
| Industry | Hospital operation |
Triad Hospitals was a hospital operator based in Plano, Texas. Originally a spinoff of Hospital Corporation of America[1], it was merged into Community Health Systems in 2007.
In February 2007 it received a merger/buyout offer from Goldman Sachs Capital Partners and CCMP Capital Advisors LLC.. It received a superior merger/buyout offer in March 2007 from Community Health Systems of $54/share.[2] The buyout was completed in July 2007.
[edit] References
- ^ Limbacher, Patricia B.. "Columbia Details Spinoffs: Two New Companies Would Control 64 Hospitals", Modern Healthcare, 1998-12-21. "Last week, Columbia/HCA Healthcare Corp. filed notice with the Securities and Exchange Commission detailing its plans to spin off two new companies, which would control 64 hospitals. One company, to be called Triad, will have 42 hospitals and will be based in Dallas. It was formerly the Pacific Group, a division formed by Columbia last year. Triad also will include 19 outpatient surgery centers."
- ^ Reuters. "Community Health to Buy Triad Hospitals for $5.1 Billion", New York Times, 2007-03-20.
