Advertisement
YOU ARE HERE: LAT HomeCollectionsHorizon Healthcare Corp
IN THE NEWS

Horizon Healthcare Corp

FEATURED ARTICLES
BUSINESS
March 8, 1995 | Times Staff and Wire Reports
Horizon Boosts Offer for Hillhaven: Horizon sweetened the hostile bid as Hillhaven Corp.'s largest shareholder said it will begin a proxy battle to urge the Tacoma, Wash.-based firm to agree to a sale. The latest offensive boosts the stakes in a fight that began Jan. 26, when Horizon bid $1 billion for the rival nursing home operator with the support of its largest shareholder, Tenet Healthcare Corp. The Tenet hospital chain, formerly named National Medical Enterprises Inc.
ARTICLES BY DATE
BUSINESS
March 19, 1996 | BARBARA MARSH, TIMES STAFF WRITER
The corporate parent of loss-ridden Tustin Rehabilitation Hospital is teaming up with a local company in hopes of improving the hospital's chance of survival. The parent, Horizon/CMS Healthcare Corp. of Albuquerque, N.M., said Monday it has formed a joint venture with United Western Medical Centers of Santa Ana to operate the 117-bed hospital. United Western owns and runs hospitals in Santa Ana and Anaheim, and a skilled nursing facility in Santa Ana.
Advertisement
BUSINESS
January 27, 1995 | From Bloomberg Business News
Horizon Healthcare Corp. made a surprise bid for Hillhaven Corp. for $28 a share in stock, or about $900 million, in a takeover that would combine two of the nation's largest nursing home operators. Hillhaven said it will consider the proposal. A spokesman declined to elaborate. In addition to buying Hillhaven's common and preferred stock, Albuquerque-based Horizon would assume the company's $577.6 million of debt, bringing the total value of the transaction to about $1.4 billion.
BUSINESS
April 1, 1995 | Times Staff and Wire Reports
Horizon and Continental Medical to Merge: Albuquerque, N.M.-based Horizon Healthcare Corp. and Continental Medical Systems Inc. agreed to merge in a $502-million stock swap that would create the nation's largest specialty health care service provider. The combined company, to be called Horizon/CMS Healthcare Corp., would provide a full range of health care, from acute rehabilitation services to long-term care, outpatient and home care services, the companies said. Mechanicsburg, Pa.
BUSINESS
March 19, 1996 | BARBARA MARSH, TIMES STAFF WRITER
The corporate parent of loss-ridden Tustin Rehabilitation Hospital is teaming up with a local company in hopes of improving the hospital's chance of survival. The parent, Horizon/CMS Healthcare Corp. of Albuquerque, N.M., said Monday it has formed a joint venture with United Western Medical Centers of Santa Ana to operate the 117-bed hospital. United Western owns and runs hospitals in Santa Ana and Anaheim, and a skilled nursing facility in Santa Ana.
BUSINESS
November 21, 1996 | Times Staff and Wire Reports
Palo Alto-based Hewlett-Packard Co. said it will reorganize its workstation division, combining the operations of two offices and eliminating 200 jobs in Chelmsford, Mass. . . . Albuquerque, N.M.-based Horizon/CMS Healthcare Corp. said it will sell four hospitals and 11 outpatient clinics to Tustin-based Regency Health Services Inc. for about $69 million. . . . Newton, Mass.-based Registry Inc.
BUSINESS
July 12, 1994 | JACK SEARLES
LTC Properties Inc., an Oxnard-based real estate investment trust, has acquired five skilled nursing facilities with a total of 600 beds in Florida. LTC paid $23 million for the centers and also provided $3.5 million in financing on another Florida facility, reports Andre C. Dimitriadis, the trust's chairman and chief executive. The deals, along with mortgage loans made on two other nursing centers in California and Arizona, bring to $32.
BUSINESS
October 2, 1991 | SONNI EFRON, TIMES STAFF WRITER
Nationwide Health Properties Inc. said Tuesday that it has purchased five nursing homes in two separate transactions worth a total of $14.4 million. The Newport Beach company's stock rose 25 cents a share on the New York Stock Exchange Tuesday to close at $24. Nationwide Health is a real estate investment trust that owns 111 health-care facilities in 25 states and leases them to other operators.
BUSINESS
January 27, 1995 | From Bloomberg Business News
Horizon Healthcare Corp. made a surprise bid for Hillhaven Corp. for $28 a share in stock, or about $900 million, in a takeover that would combine two of the nation's largest nursing home operators. Hillhaven said it will consider the proposal. A spokesman declined to elaborate. In addition to buying Hillhaven's common and preferred stock, Albuquerque-based Horizon would assume the company's $577.6 million of debt, bringing the total value of the transaction to about $1.4 billion.
Los Angeles Times Articles
|