Triad's revenues, profits increase.Byline: Joe Harwood The Register-Guard PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. - 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. on Tuesday reported an 11 percent jump in revenues and a 17 percent increase in profits for the first quarter of the year. Triad, which is negotiating a partnership deal with Springfield's McKenzie-Willamette Hospital, posted sales of $954.5 million for the quarter ended March 31, compared with $860.9 million for the first quarter of 2002. Profits jumped to $47.3 million, or 63 cents a share, compared with the $40.4 million, or 55 cents a share, reported in the year-earlier period. Triad, the nation's third-largest for-profit hospital For-profit hospitals, or alternatively investor-owned hospitals, are investor-owned chains of hospitals which have been established particularly in the United States during the late twentieth century. chain, said it has started construction of its newest hospital, in Mesquite, Nev. The company also said it has formed a joint venture with Texas Health Resources to build a $100 million hospital in Denton, Texas Denton is a city in the United States and the county seat of Denton County, Texas. According to the 2000 U.S. Census, the city population was 80,537, making it the eleventh largest city in the Dallas/Fort Worth Metroplex. . Triad and its affiliates operate 49 hospitals and 14 ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery in 17 states. The company in January signed a letter of intent with nonprofit McKenzie-Willamette to form a partnership. Under the preliminary deal, Triad would become the majority partner in the venture and would provide roughly $80 million to develop and build a new 114-bed hospital for McKenzie-Willamette somewhere in the Eugene-Springfield area. The would-be partners expect to hammer out a deal by early summer and then start looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a site for the new hospital. McKenzie-Willamette officials have said they will likely have to move from their midtown campus in order to survive because PeaceHealth's Sacred Heart Medical Center Sacred Heart Medical Center may refer to: In the United States:
Fast-growing Triad said it is negotiating on six new hospital partnership projects, mostly with nonprofits such as McKenzie Willamette. The company said it expects to open three to five hospitals a year starting in 2005. |
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