Industry Hospital operation Defunct July 2007 Successor Community Health Systems | Fate merged Founded 1999 Ceased operations July 2007 | |
Headquarters Plano, Texas, United States Subsidiaries Summit Hospital, Tri-Shell 77 L.P. | ||
Triad Hospitals was a hospital operator based in Plano, Texas. Spun off from Hospital Corporation of America in 1999, it acquired Quorum Health Group in 2000 to become the third-largest investor-owned hospital group. It was merged into Community Health Systems in 2007.
In February 2007 it received a merger/buyout offer from Goldman Sachs Capital Partners and CCMP Capital. It received a superior merger/buyout offer in March 2007 from Community Health Systems of $54/share. The buyout was completed in July 2007.
References
Triad Hospitals Wikipedia(Text) CC BY-SA