Triad Hospitals was a hospital operator based in
Plano, Texas
Plano ( ) is a city in Collin County, Texas, Collin County and Denton County, Texas, United States. It had a population of 285,494 at the 2020 United States census, 2020 census. It is a principal city of the Dallas–Fort Worth metroplex.
Hist ...
. Spun off from
Hospital Corporation of America
HCA Healthcare is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owns and operates 186 hospitals and approximately 2,000 sites of care, including sur ...
in 1999, it acquired Quorum Health Group in 2000 to become the third-largest investor-owned hospital group. It was merged into
Community Health Systems
Community Health Systems (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 20 ...
in 2007.
In February 2007 it received a merger/buyout offer from
Goldman Sachs Capital Partners
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. As of 2019, GS Capital Partners had r ...
and
CCMP Capital
CCMP Capital is an American private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase o ...
. It received a superior merger/buyout offer in March 2007 from
Community Health Systems
Community Health Systems (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 20 ...
of $54/share.
The buyout was completed in July 2007.
See also
*
Beacon Hospital
Beacon Hospital ( ga, Ospidéal Beacon) is a privately owned full-service teaching hospital located in the Sandyford suburb of Dublin, Ireland. The hospital was developed by Beacon Medical Group (BMG).
History
Beacon Hospital signed an affiliat ...
*
List of Texas companies (T)
References
External links
Fortune 500 2007: Triad Hospitals
Companies based in Plano, Texas
Private equity portfolio companies
Hospital networks in the United States
Companies disestablished in 2007
Medical and health organizations based in Texas
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