Business

Tenn. company gets funds for hospital purchases

NEWS IN BRIEF — Posted Feb. 16, 2004

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Attentus Healthcare doesn't own any hospitals yet, but it's got $77 million to spend toward buying them. Franklin, Tenn.-based Attentus received the money in a round of venture capital financing. About $75 million of that funding came from JLL Partners, which has invested in other Nashville-area for-profit health care companies. The founders of Attentus also are veterans of the Nashville health care industry. Attentus plans to buy hospitals in rural areas and midsized cities that have not attracted the attention of other for-profit chains. The company said it plans to buy two to four hospitals annually.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/02/16/bibf0216.htm.

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