Community Health Systems Trumps Private Bid For Triad Hospitals

Tuesday, March 20th 2007, 10:28 am
By: News On 6

DALLAS (AP) Texas-based Community Health Systems has stepped in with a last-minute deal to buy rival Triad Hospitals, which has six health care facilities in Oklahoma and dozens more nationwide.

Community Health Systems' $5.1 billion offer Monday trumped a $4.7 billion bid announced last month by private-equity firms.

If Community takes over Triad, it would become the largest publicly traded U.S. hospital company, with about 130 hospitals and more than 18,000 beds in 28 states.

Triad's Oklahoma facilities include Deaconess Hospital and Deaconess Surgery Center, both in Oklahoma City; SouthCrest Hospital and SouthCrest Surgery Center, both in Tulsa; Claremore Regional Hospital and Woodward Regional Hospital.