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BUSINESS
October 11, 1995 | From Reuters
HealthSouth Rehabilitation Corp. said Tuesday that it has agreed to buy Surgical Care Affiliates Inc. in a $1.2-billion deal that would make it the nation's largest operator of outpatient surgery centers. The takeover would combine Surgical Care's free-standing outpatient surgery centers with HealthSouth's rehabilitation services, giving the new company nearly 600 locations in 42 states. Industry analysts said the combination makes sense in the rapidly consolidating health care industry.
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BUSINESS
October 11, 1995 | From Reuters
HealthSouth Rehabilitation Corp. said Tuesday that it has agreed to buy Surgical Care Affiliates Inc. in a $1.2-billion deal that would make it the nation's largest operator of outpatient surgery centers. The takeover would combine Surgical Care's free-standing outpatient surgery centers with HealthSouth's rehabilitation services, giving the new company nearly 600 locations in 42 states. Industry analysts said the combination makes sense in the rapidly consolidating health care industry.
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BUSINESS
November 30, 1993 | From Times Staff and Wire Reports
Surgical Care Affiliates May Withdraw Merger Offer: The company, which calls itself the nation's second-largest outpatient surgery firm, said it will withdraw its $900-million merger offer made in October to Medical Care America Inc., which is larger, unless the Dallas company agrees to a meeting by Dec. 7. Medical Care America executives rejected the 1.35 shares of Surgical Care Affiliates for each share of their company.
BUSINESS
November 30, 1993 | From Times Staff and Wire Reports
Surgical Care Affiliates May Withdraw Merger Offer: The company, which calls itself the nation's second-largest outpatient surgery firm, said it will withdraw its $900-million merger offer made in October to Medical Care America Inc., which is larger, unless the Dallas company agrees to a meeting by Dec. 7. Medical Care America executives rejected the 1.35 shares of Surgical Care Affiliates for each share of their company.
BUSINESS
October 26, 1993 | From Times Staff and Wire Reports
Surgical Care Affiliates Steps Up Takeover Bid: The Nashville-based operator of surgical centers went public with its proposal to merge with Medical Care America Inc. in an attempt to pressure the Dallas-based concern to accept its $939-million offer. The bid came after Medical Care, the nation's largest outpatient surgery center and a leading provider of home infusion services, agreed to affiliate with Columbia Healthcare Corp., the nation's largest for-profit hospital chain.
BUSINESS
August 28, 2002 | From Associated Press
HealthSouth Corp. shares plunged Tuesday after the rehabilitation giant announced a major reorganization that includes spinning off its surgery centers into a new public company, warned of lower earnings and disclosed that founder Richard M. Scrushy is being replaced as its chief executive.
BUSINESS
September 29, 1992 | Highlights of Monday's market activity, compiled from Times staff and wire reports:
Blue chip stocks ended sharply higher on bargain hunting. * The dollar continued to fall. * Orange juice futures prices crumpled amid talk that the Florida crop could exceed last year's by as much as 40%. Stocks Late afternoon buying sent the Dow Jones average up 25.94 points to 3,276.26. It had fallen 76.73 points last week. Advancing issues outnumbered declines 7 to 6 on the New York Stock Exchange. Big Board volume came to an estimated 157.48 million shares, down from 213.65 million Friday.
BUSINESS
July 24, 1992 | Highlights of Thursday's market activity, compiled from Times staff and wire reports: and
* Despite another major rally in bonds, the stock market recouped only a small portion of its recent losses. The Dow Jones industrial average, off 84.02 points over the previous four sessions, rose 12.43 points to 3,290.04. * The bond rally extended for a second big day, driving yields on long-term Treasury bonds to their lowest levels since early January on optimism about inflation. * The Japanese market rebounded, only to fall into another deep slump early today.
BUSINESS
January 13, 1992 | TOM PETRUNO
If there's any doubt left that the stock market has grabbed the general public's attention in a major way--perhaps more so than at any time in the last 20 years--this may put it to rest: * Item: Turner Broadcasting, parent of the ubiquitous Cable News Network, has begun running ads on CNN touting Turner stock to viewers. "There's a lot of talk today about growth companies," the ads begin.
BUSINESS
November 1, 1993 | From Times Staff and Wire Reports
Medical Care America Inc. Rejects Offer: Company senior vice president Jonathan Bond would say only that the unsolicited buyout proposal from Nashville-based Surgical Care Affiliates, the nation's second-largest outpatient surgery company, was not in the best interest of the company or its stockholders. Directors rejected the offer valued at about $950 million and are seeking other options, including other bids. Surgical Care Chairman Joel C.
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