A multiplier outlier: watchdogs ask why not-for-profits paid so much for 22 Columbia hospitals
Article Abstract:
Consumer watchdogs are questioning why a consortium of eight not-for-profit hospitals has agreed to pay $1.2 billion for 22 Columbia/Healthcare Corp hospitals. While hospital acquisitions are usually made from the benchmark multiple of six or seven times earnings before interest, depreciation, taxes and amortization, the price the consortium is paying for the hospitals represent 10 times earnings.
Publication Name: Hospitals & Health Networks
Subject: Health care industry
ISSN:
Year: 1998
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Choice words on open access
Article Abstract:
Practice management firm MedPartners is expecting a $145 million charge for 1997's fourth qtr due to its new open access health plan. Developed as a response to consumer backlash on managed care, open access allows patients to see specialists without primary care physician approval. The MedPartners loss resulted from confusion over plan guidelines and poor coordination.
Publication Name: Hospitals & Health Networks
Subject: Health care industry
ISSN:
Year: 1998
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Capital: who's got it? How to get it!
Article Abstract:
Hospitals and health plans can obtain capital more easily if they do not need it. Large firms with proven track records are obtaining funding in 1997 because of the discerning behavior of Wall Street. Borrowing rates are low but it is more difficult for hospitals and managed care firms to maintain their ratings as they change affiliations and reimbursement methods.
Publication Name: Hospitals & Health Networks
Subject: Health care industry
ISSN:
Year: 1997
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