Who owns hospital corporation of america

From to the size and structure of HCA changed to meet the opportunities and challenges of the competitive healthcare industry. In HCA sold hospitals to the newly created Healthtrust corporation.

Over the next three years HCA dramatically decreased its size, reorganized its upper management, and even changed its name its Nashville area hospitals, for instance, were placed under the TriStar Health System name in It also entered into protracted negotiations with the federal government over the Columbia investigation.

Two defunct subsidiaries, Columbia Management Companies and Columbia Homecare Group, also entered guilty pleas to fourteen criminal counts including charges of conspiracy, receiving unlawful remuneration, and making false statements. With the cases settled, HCA looked forward to a new century of development. HCA now operates hospitals with nearly 50, hospital beds.

HCA spins off HealthTrust as part of a plan to downsize to a core group of about medical-surgical hospitals and psychiatric hospitals. Frist Jr. HCA merges with Columbia, forming the single largest for-profit health care company in the country.

By the end of the year, the merged network includes hospitals and surgery centers. HCA is subject to a massive federal investigation into health care fraud, leading to billions in fines and penalties. An HCA pregnancy study reveals unknown risks in inducing labor for non-medical reasons before the 39th week of pregnancy. Hospital Corporation of America is one of the largest for-profit healthcare providers in the world, and it plays an especially large role in the United States.

Frist Sr. They wanted to manage and expand the hospital, eventually creating the hospital management company known as HCA. HCA has gone through numerous mergers and transactions, and it's also served as the epicenter for many popular hospital company spinoffs that are still around today. One of the company's biggest deals occurred in , when HCA merged with Columbia. At that time, this deal left HCA with more than hospitals and ambulatory surgery centers — the largest HCA has ever been.

During the next several years, though, HCA reorganized and decided to sell off certain groups of hospitals. This eventually led to the creation of Brentwood, Tenn. Community Health Systems in Franklin, Tenn. Frist Jr. As of Dec. It had a total of 42, licensed beds and , employees.