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Article: Columbia/HCA to sell home care units in 11 states

Article from:
THE JOURNAL RECORD
Article date:
June 3, 1998
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NASHVILLE (JR) -- Columbia/HCA Healthcare has signed letters of intent to sell its home care operations in 11 states, including Oklahoma, for $34 million, the company announced Tuesday.

Amedisys Inc. of Baton Rouge, La., will buy operations in Alabama, Georgia, North Carolina, Oklahoma, Louisiana and Tennessee.

A private group of investors, led by former Homecare Inc. chief executive George Mandes and board member Robert Reeves, will purchase Columbia's operations in Alaska, Idaho, Kansas, Oregon and Wyoming. Mandes was chief executive and president of the Wallingford, Conn., company from 1992-97. Columbia spokesman Gary Koops declined to say how much each deal was worth, but said the home ...

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