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Article: COLUMBIA, TENET TAKE STEPS TO LEAVE HOME.(Columbia/HCA Healthcare Corp., Tenet Healthcare Corp.)(Statistical Data Included)
- Article from:
- Modern Healthcare
- Article date:
- September 27, 1999
- Author:
CopyrightCOPYRIGHT 1999 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 nation's two largest for-profit hospital companies took steps in recent weeks to renew their ongoing exits from the home-health business.
Columbia/HCA Healthcare Corp. sold Columbia Homecare of Northern Virginia, a hospital-based home-care agency operated by its 121-bed Reston (Va.) Hospital Center, on Sept. 13.
The sale leaves Columbia with four home-health agencies, down from about 500 at its peak. The company began divesting the agencies in 1997 as part of a restructuring program undertaken in the wake of a federal fraud investigation of Columbia and its executives.
Of Columbia's remaining home- care businesses, three are part of ...