Both sides win. Deal to pay off for Columbia and not-for-profit group.
While the nation's largest for-profit chain retrenches, members of a not-for-profit healthcare consortium are barreling ahead to solidify their market positions. Columbia/HCA Healthcare Corp. and the eight-member buying group last week disclosed details of an agreement that will result in the sale of 22 hospitals in Columbia's 45-hospital Atlantic Group. The consortium will pay $1.2 billion in cash.
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D019981:Health Care Sector; D006273:Health Facility Merger; D006777:Hospitals, Proprietary / Q000458:organization & administration; D006788:Hospitals, Voluntary / Q000458:organization & administration; D009096:Multi-Institutional Systems / Q000191:economics / Q000458:organization & administration*; D017008:Negotiating; D009936:Organizational Innovation; D010067:Ownership; D014481:United States