Monthly Management Newsletter - May 1989

OPEN MINDS The Behavioral Health Industry Analyst Industry News Hospital Corporation of America has agreed to sell its psychiatric hospital subsidiary for $1.23 billion to the unit's employees. Hospital Corporation had solicited other bids for the subsidiary and received a bid from Charter Medical Corporation of Macon, Georgia. James K. Don, president of the HCA Psychiatric Company, will become chairman, chief executive officer, and president of the new psychiatric company. Hospital Corporation will retain $150 million preferred stock and will acquire warrants enabling it to purchase between . . .
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