New hospital company forms

NEWS IN BRIEF — Posted Aug. 3, 2009

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A pair of hospital executives have secured funding to form a company that will acquire and operate hospitals in non-urban areas across the country, according to a statement issued July 16.

Martin S. Rash, former chair and CEO of Province Healthcare, and John M. Rutledge, a former president of Province, have created RegionalCare Hospital Partners. Province, based in Brentwood, Tenn., merged with Lifepoint Hospitals in 2005. Rash has launched several health care companies since his departure from Province.

"We want to ... partner with hospitals that serve a broad, regional population and help them meet the health care needs of their communities," said Rash.

Global equities firm Warburg Pincus will provide $300 million to RegionalCare Hospital Partners for the acquisition, expansion and running of health care institutions.

Note: This item originally appeared at

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