TITLE

Foundation's windfall: HCA to pay $1.45 billion for rest of HealthOne

AUTHOR(S)
Robeznieks, Andis
PUB. DATE
June 2011
SOURCE
Modern Healthcare;6/20/2011, Vol. 41 Issue 25, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the payment of 1.4 billion dollars by the Hospital Corporation of America (HCA) for the remaining 40% stake in HealthOne. HealthOne provided almost 98 million dollars worth of uncompensated care in 2010 and will maintain its level of charity are for 10 years as well as continuing its program of providing discounted care for uninsured. The foundation's purpose for selling is to not have so much of the foundation's assets concentrated in one place.
ACCESSION #
61838436

 

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