Wed
Jan 8 2014
05:43 pm
HMA/Tennova acquired
By: R. Neal

Shareholders of Florida-based Health Management Associates, which operates locally as Tennova, overwhelmingly approved acquisition by Franklin, TN based Community Health Systems. According to the Nashville Business Journal, the deal is worth $7.6 billion, which includes $3.9 billion in cash with CHA assuming $3.7 billion in HMA debt.

PREVIOUSLY:

• CHS to put HMA shareholders out of their misery
• How's that Tennova deal working out?
• Major shareholder seeks to fire HMA board
• Mercy acquisition plan: not so fast?

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bizgrrl's picture

Karen Metz, CEO of

Submitted by bizgrrl on Thu, 2014/01/09 - 8:15am.

Karen Metz, CEO of Tennova/Physicians Regional Medical Center/St. Mary's Hopsital, named in lawsuit unsealed by the U.S. District Court in Charlotte this month, "allegedly offering kickbacks to doctors to cooperate with a system that ordered unnecessary tests and admitted patients who did not need the care in an effort to raise corporate profits."

H/T Gerald Witt.

michael kaplan's picture

maybe Hopsital is a good word

Submitted by michael kaplan on Thu, 2014/01/09 - 12:41pm.
(in reply to bizgrrl)

maybe Hopsital is a good word for it ..

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