CORRECTING and REPLACING Triad Closes Hospital Transactions.Business Editors/Health/Medical Writers CORRECTION...by Triad Hospitals Triad Hospitals is a Fortune 500 company based in Plano, Texas. It operates 54 hospitals in the United States. In February 2007 it received a merger/buyout offer from another company, and then in March 2007 it received a superior merger/buyout offer from Community Health Systems of , Inc. PLANO, Texas--(BUSINESS WIRE)--Dec. 3, 2003 In BW5580 issued Dec. 1, 2003: Second graph of release dated Dec. 1, 2003 should begin: The Company closed on an acquisition of four hospitals in Arkansas List of hospitals in Arkansas (U.S. state), sorted by hospital name.
See: New York Stock Exchange :THC THC tetrahydrocannabinol. THC n. Tetrahydrocannabinol; a compound that is obtained from cannabis or is made synthetically; it is the primary intoxicant in marijuana and hashish. ); a joint venture with Valley Hospital in Palmer, AK... sted The Company closed on an acquisition of four hospitals in Arkansas from subsidiaries of Tenet Healthcare Corporation (NYSE:THC); a joint venture with Valley Hospital in Palmer, AL... The corrected release reads: TRIAD CLOSES HOSPITAL TRANSACTIONS Triad Hospitals, Inc. (the "Company" or "Triad") (NYSE:TRI TRI Toxics Release Inventory (US EPA) TRI Touch Research Institute TRI Taux de Rentabilité Interne (French: internal rate of return) TRI Taux de Rentabilité Interne TRI Tile Roofing Institute ) announced that it closed several transactions today, adding six hospitals and 730 licensed beds to the Company. The Company closed on an acquisition of four hospitals in Arkansas from subsidiaries of Tenet Healthcare Corporation (NYSE:THC); a joint venture with Valley Hospital in Palmer, AK, to operate the existing hospital and build a replacement hospital; and an asset acquisition and facility lease of Woodward Regional Hospital in Woodward, OK. The Company paid a total of $173.6 million for these transactions: $142 million (excluding accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying ) for the four Arkansas hospitals; $25 million to acquire a 76% interest in Valley Hospital, plus an obligation (with interest) to build a replacement hospital; and $6.6 million (including working capital) for the asset acquisition and facility lease of Woodward Regional Hospital. Triad, through its affiliates, owns and manages hospitals and ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery in small cities and selected larger urban markets. The Company currently has 57 hospitals (including two under construction) and 14 ambulatory surgery centers in 18 states with approximately 9,780 licensed beds. In addition, through its QHR QHR Quorum Health Resources QHR Quality Hours (grading system) QHR Quarter Horse Racing subsidiary, the Company provides hospital management, consulting and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to more than 200 independent community hospitals and health systems throughout the United States. This press release contains forward-looking statements based on current management expectations. Numerous factors, including those related to market conditions and those detailed from time-to-time in the Company's filings with the Securities and Exchange Commission, may cause results to differ materially from those anticipated in the forward-looking statements. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict. These statements are subject to risks and uncertainties and, therefore, actual results may differ materially. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. All references to "Company", "Triad", and "Triad Hospitals, Inc." as used throughout this document refer to Triad Hospitals, Inc. and its affiliates. |
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