Colorado Attorney General John Suthers has approved HCA Holdings' proposed acquisition of the Colorado Health Foundation's 40 percent interest in HCA-HealthONE, according to a news release from the attorney general's office.
The Office of the Attorney General determined that the transaction is in the public interest and the $1.45 billion sale price is a fair market price. The attorney general's decision, however, was dependent on a series of conditions and modifications to the initially proposed transaction, to which the parties have agreed.
Those conditions include a guarantee that none of the seven acute-care hospitals will close in the next five years and the board of community trustees will continue for an additional five years beyond the 10 years laid out in the original proposed transaction.
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The Office of the Attorney General determined that the transaction is in the public interest and the $1.45 billion sale price is a fair market price. The attorney general's decision, however, was dependent on a series of conditions and modifications to the initially proposed transaction, to which the parties have agreed.
Those conditions include a guarantee that none of the seven acute-care hospitals will close in the next five years and the board of community trustees will continue for an additional five years beyond the 10 years laid out in the original proposed transaction.
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