When the deal closes next month, the hospital in Lehigh Acreswill become one of 13 the company owns and operates in Florida. Itwill be the 39th facility the company operates in 15 states, mostlyin the Southeast and Southwest.

Formerly known as Columbia East Pointe, the hospital was one of46 hospitals that Columbia HCA Healthcare Corp. owned and operatedin Florida, according to an annual shareholder's report the companyfiled with the Securities and Exchange Commission. Followingreorganization, the company emerged as Nashville, TN-based HCA-TheHealthcare Co.

As part of that reorganization, HCA agreed to divest some of itsholdings in response to a federal administrative settlementagreement, according to a published shareholder's report. Thecompany agreed to the settlement following negotiations with thefederal Office of the Inspector General over alleged irregularbilling practices.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.