HCA just has their IPO in March of 2011 and with their re-organization efforts here’s one more purchase. Also what we all remember is Florida governor Scott being forced to resign as the CEO of Columbia/HCA, then the country’s largest hospital chain, while it was being investigated for massive Medicare and Medicaid fraud. He got off scot free but HCA paid $1.7 billion in fines and settlements with 14 felonies.
HCA (Hospital Corporation of America) Pulls Off the Largest Private Equity Firm Offering IPO in US History of $3.8 Billion
Health One is the largest health-care system in the Denver area and now they are 100% owned by HCA. BD
The Colorado Health Foundation is selling its interest in HCA-HealthONE hospitals, the largest health care provider in the state, for $1.45 billion.
The sale by the nonprofit foundation will balloon its assets into the largest foundation in Colorado. The Colorado Health Foundation has concentrated its grants on expansion of access to health insurance and healthier diets and exercise for state residents.
The foundation will sell its 40 percent interest to its operating partners since 1995, the for-profit national chain Hospital Corporation of America (HCA). The two powers have overseen Colorado institutions including Swedish, Rose, Sky Ridge, P/SL, North Suburban and Medical Center of Aurora hospitals, as well as Spalding rehabilitation, Rocky Mountain Hospital for Children and other major assets.