Triad Hospitals
| Industry | Hospital operation |
|---|---|
| Defunct | July 2007 |
| Fate | merged |
| Successor | Community Health Systems |
| Headquarters | Plano, Texas |
Triad Hospitals was a hospital operator based in Plano, Texas. It was spun off from Hospital Corporation of America in 1999 and became the third-largest investor-owned hospital group after acquiring Quorum Health Group in 2000.[1][2] However, in 2007, it was merged into Community Health Systems.
In February 2007, Triad Hospitals received a merger/buyout offer from Goldman Sachs Capital Partners and CCMP Capital. However, in March 2007, it received a superior merger/buyout offer from Community Health Systems for $54/share.[3] The buyout was completed in July 2007.
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Contributors: Prab R. Tumpati, MD
