Thomas to Invest Millions in St. Francis: ; Official Says Buying Facility Will Allow for Its Increased Efficiency, Greater Purchasing Power
Charleston Daily Mail › October 12, 2006
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Summary
Thomas Memorial Hospital plans to invest at least $3 million a year in St. Francis Hospital, said Thomas Vice President Bob Gray.
Thomas announced last month it will pay $37.5 million to purchase St. Francis from LifePoint Hospitals Inc. Although LifePoint is the current owner, St. Francis was owned and operated by HCA Inc. from 1995 until June 30 of this year.See the full content of this document
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Thomas to Invest Millions in St. Francis: ; Official Says Buying Facility Will Allow for Its Increased Efficiency, Greater Purchasing Power
"The big difference between us and HCA is, they're a for-profit company and we are not," Gray said. "They've taken the St. Francis profits and moved them out of state. We'll take the profits and reinvest them in St. Francis."
In its filing wi...See the full content of this document
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