Triad Hospitals
Encyclopedia
Triad Hospitals was a hospital operator based in Plano, Texas
. Originally a spinoff of Hospital Corporation of America
, it was merged into Community Health Systems
in 2007.
In February 2007 it received a merger/buyout offer from Goldman Sachs Capital Partners
and CCMP Capital
. It received a superior merger/buyout offer in March 2007 from Community Health Systems
of $54/share. The buyout was completed in July 2007.
Plano, Texas
Plano is a city in the state of Texas, located mostly within Collin County. The city's population was 259,841 at the 2010 census, making it the ninth-largest city in Texas and the 71st most populous city in the United States. Plano is located within the metropolitan area commonly referred to as...
. Originally a spinoff of Hospital Corporation of America
Hospital Corporation of America
Hospital Corporation of America is the largest private operator of health care facilities in the world, It is based in Nashville, Tennessee and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.-History:The founders of HCA include Jack C....
, it was merged into Community Health Systems
Community Health Systems
Community Health Systems Inc. is a Fortune 500 company based in Franklin, Tennessee. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of May 2009, it operates 120 hospitals in 28 states. After...
in 2007.
In February 2007 it received a merger/buyout offer from Goldman Sachs Capital Partners
Goldman Sachs Capital Partners
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally....
and CCMP Capital
CCMP Capital
CCMP Capital is a private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31, 2006. CCMP has invested approximately $12 billion...
. It received a superior merger/buyout offer in March 2007 from Community Health Systems
Community Health Systems
Community Health Systems Inc. is a Fortune 500 company based in Franklin, Tennessee. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of May 2009, it operates 120 hospitals in 28 states. After...
of $54/share. The buyout was completed in July 2007.