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In 2013, Community Health Systems entered into an agreement with Health Management Associates to purchase HMA for about $3.6 billion in cash and stock. The merger was completed in January 2014 and made Community Health Systems the largest for-profit hospital operator at the time, with 206 hospitals in 29 states.
Triad Hospitals. Triad Hospitals was a hospital operator based in Plano, Texas. Spun off from Hospital Corporation of America in 1999, it acquired Quorum Health Group in 2000 to become the third-largest investor-owned hospital group. [1] [2] It was merged into Community Health Systems in 2007. In February 2007 it received a merger/buyout offer ...
A group of cancer victims sued Johnson & Johnson on Wednesday, accusing the healthcare company of committing fraud through repeated and continued efforts to use a shell company's bankruptcy to ...
'The land of the free and the home of the medical bankruptcy': Former US surgeon general slams America's 'broken' health-care system after $5,000 bill for trip to ER due to dehydration
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On July 30, 2013, it was announced that Community Health Systems would purchase Health Management Associates for $3.6 billion. On January 15, 2014, the hospital officially changed its name to Bayfront Health Port Charlotte. On January 27, 2014, Community Health Systems acquired Health Management Associates.
Margins matter. The more Community Health Systems (NYS: CYH) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ( BAPCPA) ( Pub. L. 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code . Referred to colloquially as the "New Bankruptcy Law", the Act of Congress attempts to, among other ...