Colorado Attorney General John Suthers is reviewing the Colorado Health Foundation's proposal to sell its interest in the HCA-HealthONE hospital system to its joint venture partner, HCA Holdings Inc. The Attorney General has determined that the proposed $1.45 billion transaction does not fall under the Colorado Hospital Transfer Act, which means that if he ultimately approves the sale, proceeds would be obtained and managed by the Foundation.
This sale is being evaluated carefully since it could have significant ramifications on Colorado health care. Among the criteria being considered:
- The transaction must serve the public interest.
- The Foundation must receive fair market value for the sale of its 40 percent interest.
- The Foundation must maintain its historic charitable mission and function.
To ensure public comment on this important matter, the Attorney General has scheduled hearings regarding the proposed sale on the following dates, times and locations:
- Monday, Sept. 26, 6-9 p.m. at Rose Medical Center, 4567 E. 9th Ave. in Denver
- Tuesday, Sept. 27, 9 a.m.-noon at Skyridge Medical Center, 10101 Ridgegate Parkway in Lone Tree
If you cannot attend one of the meetings but would like to contribute comments to the Attorney General's Office concerning the hospital transfer, you can do so via
hospitaltransfer@state.co.us or by sending a letter to 1525 Sherman St., 7th floor, Denver, CO 80203.
To learn more about the Attorney General's analysis of the proposed transaction and the upcoming hearings, read this
news release from the Attorney General's office.
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