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Article: Price no object for purchases.(The Week In Healthcare)
- Article from:
- Modern Healthcare
- Article date:
- November 21, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vince Galloro
Health Management Associates is not letting talk that hospital prices are too high deter it from an aggressive acquisition strategy for its fiscal 2006, which began Oct. 1. Prices also aren't deterring several veteran hospital executives from launching Signature Hospital, a new hospital chain, with a $150 million investment group led by Goldman Sachs.
Naples, Fla.-based HMA last week confirmed its plans to acquire 95-bed Gilmore Memorial Hospital, Amory, Miss. Gilmore Memorial announced the deal in September when the parties had a letter of intent, but now HMA and Gilmore Memorial have executed a definitive agreement, HMA said. The ...