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September 19, 1992 | From Times Staff and Wire Reports
HCA Psychiatric Hospital Restructuring: In the latest sign of the continuing shakeout in the for-profit psychiatric hospital industry, Hospital Corp. of America said it would sell as many as 22 of its 48 psychiatric hospitals. Thomas Frist, chairman of the Nashville, Tenn.-based hospital chain, said the restructuring was in response to empty beds and increasing downward pricing pressures from insurers.
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BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
HCA Psychiatric Hospital Restructuring: In the latest sign of the continuing shakeout in the for-profit psychiatric hospital industry, Hospital Corp. of America said it would sell as many as 22 of its 48 psychiatric hospitals. Thomas Frist, chairman of the Nashville, Tenn.-based hospital chain, said the restructuring was in response to empty beds and increasing downward pricing pressures from insurers.
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