- Triad Hospitals
Infobox Defunct Company
company_name = Triad Hospitals
company_
slogan =
fate = merged
successor =Community Health Systems
foundation =
defunct = July 2007
location =Plano, Texas
industry = Hospital operation
key_people =
products =
num_employees =
parent =
subsid =Triad Hospitals was a hospital operator based in
Plano, Texas . Originally a spinoff ofHospital Corporation of America [cite news |first=Patricia B. |last=Limbacher |title=Columbia Details Spinoffs: Two New Companies Would Control 64 Hospitals |work=Modern Healthcare |date=1998-12-21 |quote=Last week, Columbia/HCA Healthcare Corp. filed notice with the Securities and Exchange Commission detailing its plans to spin off two new companies, which would control 64 hospitals. One company, to be called Triad, will have 42 hospitals and will be based in Dallas. It was formerly the Pacific Group, a division formed by Columbia last year. Triad also will include 19 outpatient surgery centers.] , it was merged intoCommunity Health Systems in 2007.In February 2007 it received a merger/buyout offer from Goldman Sachs Capital Partners and CCMP Capital Advisors LLC.. It received a superior merger/buyout offer in March 2007 from
Community Health Systems of $54/share. [cite news |author=Reuters |title=Community Health to Buy Triad Hospitals for $5.1 Billion |url=http://www.nytimes.com/2007/03/20/business/20health.html |work=New York Times |date=2007-03-20 ] The buyout was completed in July 2007.References
External links
* [http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/1757.html Fortune 500 2007: Triad Hospitals]
Wikimedia Foundation. 2010.
