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Community rallies to buy hospital from Columbia. (Columbia/HCA Corp. sells back Ville Platte Medical Center to Ville Platte, Louisiana residents)(includes related articles on attraction of rural healthcare providers to private hospital chains and negotiations with Columbia/HCA Corp.)
- Article from:
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Modern Healthcare
- Article date:
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October 14, 1996
- Author:
- Moore, J. Duncan, Jr.; Japsen, Bruce
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Copyright informationCOPYRIGHT 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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Columbia/HCA Corp. sold back Ville Platte Medical Center (Ville Platte, LA) after the local denizens rallied to take back control of the local hospital from the for-profit hospital chain. The cost of the repurchase was $10.8 million, which was raised from bonds and other community financing sources. The acquisition-minded Columbia/HCA, which increasingly is focusing on rural healthcare providers, is pleased with the spin-off for it enhances its relationship with the community.
Bond initiatives, business support and determination help small La. town take over hospital, expand services. Even as big investor-owned hospital companies are deepening their roots in rural America, one town ...