HCA Reorganizes Again With Adding Business Services To Sell-Names New CEO
Posted Feb 12 2011 12:45pm
This seems to be one more trending area with big hospital companies now entering into the business market to sell software and their consulting services, all relative to revenue cycling and the CFO now moves up into the CEO position. HCA operates 164 hospitals in the US and also own surgical centers and has some interests in the UK. As noted below there’s plans down the road for HCA to go public. BD
Nashville-based hospital giant HCA Holdings Inc. today announced its second reorganization in as many months.
The latest shake-up gives Chief Financial Officer Milton Johnson the additional title of president and creates a new subsidiary that will provide business services to other health care companies.
HCA spokesman Ed Fishbough declined to comment on the changes, which come as the company is preparing to go public for the third time since its founding in the mid-1960s.
In December, HCA refiled plans for a $4.6 billion initial public offering after reorganizing the company in order to issue $1.5 billion in junk bonds and provide payouts to its private equity owners, including Bain Capital , Kohlberg Kravis Roberts and Thomas Frist Jr. The IPO is expected to take place this year.