Hospital Corporation of America
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| HCA Inc | |
 |
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| Slogan | It's you, it's me, it's all of us. |
|---|---|
| Type | Public (pending buyout) |
| Founded | 1968 |
| Headquarters | Nashville, Tennessee |
| Key people | Jack O. Bovender, Jr., CEO & Chairman |
| Industry | Health Care |
| Products | Healthcare Services |
| Employees | 134,000 |
| Website | www.hcahealthcare.com |
The Hospital Corporation of America (HCA) NYSE: HCA is the largest private operator of health care facilities in the world. It is based in Nashville, Tennessee, United States and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.
The founders included two members of the Frist family, which became very wealthy as a result. The current majority leader of the U.S. Senate, Bill Frist is a member of the family and has a substantial stake in the company. Most of his $20 million (or more) personal fortune was made through his holdings in HCA. Jack O. Bovender, Jr., is the Chief Executive Officer of HCA. He is a graduate of Duke University.
In the late-1990s, after a merger with Columbia Hospital Corporation which formed Columbia/HCA, the company was investigated by the government for Medicare and Medicaid fraud and paid a settlement of $1.7 billion, the largest fraud settlement in US history at the time. The CEO resigned but no criminal prosecutions resulted.
The name subsequently reverted to "Hospital Corporation of America." HCA abandoned the use of its name in its home market and instead promotes its Nashville hospitals under the TriStar brand.
On June 13, 2005, Senator Frist reportedly instructed the trustee managing his HCA shares to sell all of his stock. The sale took place in July, two weeks before disappointing earnings sent the stock on a 15-point plunge. HCA is being acquired by Kohlberg Kravis Roberts, Bain Capital and Merrill Lynch Global Private Equity in the largest leveraged buyout (LBO) in history, adjusted for inflation.
[edit] Facilities
- HCA Facility MapPDF
- HCA HealthONE Colorado - The Medical Center of Aurora
- HCA HealthONE Colorado - North Suburban Medical Center
- HCA HealthONE Colorado - Presbyterian/St. Luke's Medical Center
- HCA HealthONE Colorado - Rose Medical Center
- HCA HealthONE Colorado - Sky Ridge Medical Center
- HCA HealthONE Colorado - Spalding Rehabilitation Hospital
- HCA HealthONE Colorado - Swedish Medical Center
- HCA HealthONE Colorado - Ambulatory Surgical Centers
- HCA HealthONE Colorado - HealthONE Clinic Services
[edit] External links
- Corporate page
- TriStar home page
- HCA Midwest Division home page
- CEO's official bio
- HCA HealthONE Colorado
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