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VOL. 35 | NO. 23 | Friday, June 10, 2011




HCA will buy Denver joint venture for $1.45B

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NASHVILLE (AP) — Hospital chain HCA Inc. has agreed to pay $1.45 billion to gain full control of a joint venture that runs hospitals and surgery centers in the Denver metropolitan area.

The company said late Wednesday that it will buy The Colorado Health Foundation's 40-percent stake in HCA-Health One LLC.

The foundation and HCA formed the joint venture in 1995, and HCA said it operates seven hospitals and 13 surgery centers in metro Denver, with 8,700 employees and 3,000 affiliated physicians.

HCA said it has invested more than $2 billion in HCA-HealthOne since it was created.

HCA said it expects the deal to close in the third quarter assuming regulators approve. It plans to pay for HCA-HealthOne using funds from its revolving credit facility.

As of March 31, HCA ran 163 hospitals and 107 surgery centers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0