August 26, 2003 |
Berkshire Hathaway Inc., billionaire Warren E. Buffett's investment company, in June bought 10 million shares of hospital company HCA Inc. worth $317 million, state regulatory filings show. The shares were purchased by Berkshire's Geico Corp. auto insurance unit, according to state regulators that oversee the insurer. Berkshire didn't list the stock on its June 30 filing with the Securities and Exchange Commission. Shares of Nashville-based HCA, the largest U.S.
October 25, 2001 |
HCA Inc.'s third-quarter profit rose 47% as the biggest U.S. hospital chain attracted more patients and raised the prices it charges managed-care insurers. Net income rose to $256 million, or 48 cents a share, from $174 million, or 31 cents, a year earlier, the company said. Revenue rose 8.4% to $4.44 billion. Some investors were disappointed that profit only matched analysts' estimates, sending HCA's shares down 5.7%.
October 3, 2005 |
Ethical tempests often expose problems that extend beyond the individuals involved. Whether or not Rep. Tom DeLay (R-Texas) is convicted of conspiring to evade Texas campaign finance laws, for instance, his indictment highlights the Sisyphean difficulty of controlling the flow of money into politics. An even bigger story is buried in the dust-up over whether Senate Majority Leader Bill Frist (R-Tenn.) skirted the law when his financial trust unloaded his holdings in HCA Inc.
July 24, 2006 |
HCA Inc. is expected to be acquired by an investor group for about $21 billion in one of the largest leveraged buyouts in history, sources familiar with the situation said. The buyout group includes HCA management, the chain's founding family, the Frists, and Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch & Co., said the sources, who declined to be identified. The deal would rank behind the buyout of RJR Nabisco in 1988 for more than $29 billion.
January 9, 2001 |
HCA-The Healthcare Co., the nation's largest for-profit hospital chain, named Chief Operating Officer Jack O. Bovender Jr. its new chief executive. Bovender, 55, also will continue as president, a position he has held since August 1997. Dr. Thomas F. Frist Jr., one of the company's founders, is giving up the chief executive title, but he will remain chairman.
August 17, 2002 |
HCA Inc., the biggest U.S. hospital chain, said it is investigating possible kickbacks paid to physicians by two of its six hospitals in Britain. The payments, which total $20,000, were discovered last month and may be a violation of the company's code of conduct and U.S. laws, HCA said in a filing with the Securities and Exchange Commission. The company did not disclose the hospital names.