Business
HCA to sell only 4 hospitals to LifePoint
NEWS IN BRIEF — Posted June 26, 2006
A revised agreement called for HCA Inc. to sell to LifePoint Hospitals Inc. four hospitals for $239 million, carving out a fifth facility that had originally been part of the deal.
Under the new terms, LifePoint will acquire three hospitals in West Virginia and one in Virginia for the purchase price plus working capital and other expenditures. The transfer was set to be completed by June 30.
Last year, the two Tennessee-based hospital chains announced that they had reached an agreement that would transfer five rural HCA hospitals to LifePoint for about $330 million.
The new deal excluded the 68-bed Putnam General Hospital in Hurricane, W.Va., which will continue to be owned by HCA.
The hospitals included were: the 200-bed Clinch Valley Medical Center in Richlands, Va.; the 325-bed St. Joseph's Hospital in Parkersburg, W.Va.; the 155-bed Saint Francis Hospital in Charleston, W.Va.; and the 369-bed Raleigh General Hospital in Beckley, W.Va.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/06/26/bibf0626.htm.
