Community Health Systems in Bid to Buy Triad Hospitals

Published on:
19 March 2007 at 04:30 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003878-community-health-systems-in-bid-to-buy-tr/

Large hospital operator Community Health Systems Inc. was near a deal over the weekend to purchase one of the country’s largest hospital companies, Triad Hospitals Inc., according to the Wall Street Journal.

There is already a $4.5 billion private equity-led plan to buyout Triad. The Wall Street Journal said that its sources claimed Community Health’s offer was "several hundred million dollars" more than the offer made by CCMP Capital Advisors LLC and Goldman Sachs Capital Partners in February.

If Community Health and Triad combined, the entity would operate or lease some 130 hospitals.