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Article: More Columbia deals die, execs leave.(Columbia/HCA Healthcare Corp.)(includes related article)
- Article from:
- Modern Healthcare
- Article date:
- August 25, 1997
- Author:
CopyrightCOPYRIGHT 1997 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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The mushrooming legal problems of Columbia/HCA Healthcare Corp. last week derailed one the chain's most controversial acquisitions--the proposed purchase and conversion of 152-bed Roger Williams Medical Center in Providence, R.I.
Negotiations in a second deal also were scuttled in California, and a physician executive education program fell through with a university in Tennessee (See story, p. 6).
Meanwhile, more corporate executives of the Nashville-based company resigned, more employees were subpoenaed to appear before a federal grand jury investigating the company and more private litigation was filed against Columbia. All come in the wake of growing ...