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Article: Embattled Cape Coral ducks legal duel. (Cape Coral Hospital to be acquired by Lee Memorial Health System)(includes chronology of deal)
- Article from:
- Modern Healthcare
- Article date:
- June 17, 1996
- Author:
CopyrightCOPYRIGHT 1996 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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Lee Memorial Health System was prepared to file a lawsuit to stop Columbia/HCA Healthcare Corp. from acquiring scandal-ridden Cape Coral (Fla.) Hospital. But the planned legal action became unnecessary June 6 when Cape Coral's board agreed unanimously to be acquired by the Fort Myers, Fla., not-for-profit system.
Florida Attorney General Bob Butterworth received a copy of Lee Memorial's draft lawsuit just days before a decision was to be made in the highly competitive duel between Lee Memorial and Nashville, Tenn.-based Columbia to acquire Cape Coral. Besides submitting lucrative bids and currying public favor, Lee Memorial and Columbia had lobbied state ...