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SunBridge Healthcare Corp history
SunBridge Healthcare Corp company history timeline
When the company started in 1989, it was just an average nursing home company, but gradually grew and became a little more specialized, focusing on taking sicker, or heavier acuity patients, people who might otherwise be receiving inpatient services in hospitals.
In 1991, bad press for the two leading publicly held psychiatric hospital companies, NME and Community Psychiatric Centers, brought the entire psychiatric industry down, but, in August of that year, Mediplex managed to raise $38 million from a second public offering.
The following year, the company began trading on the New York Stock Exchange under the symbol "SHG," and total revenue for 1993 climbed to $230.8 million, with net income of $13.5 million.
In 1995, Horizon attempted to purchase Hillhaven, but it was instead acquired by Louisville, Kentucky-based Vencor Inc., a long-term acute care company, one-fourth the size of Hillhaven.
Total revenue for the company in 1996 reached $1.3 billion, with a net income of $21.5 million.
In 1997, the company acquired a 38 percent interest in Alpha Healthcare Ltd. and a majority of six hospitals of Moran Health Care Group Pty Ltd., both in Australia.
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SunBridge Healthcare Corp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Medical Facilities of America | 1977 | $50.0M | 806 | - |
| HARBORSIDE HEALTHCARE CORP | 1987 | $240.0M | 3,000 | - |
| Greystone Health Network | 2001 | $320.0M | 3,000 | - |
| Saber Healthcare Group | 2001 | $86.0M | 60 | - |
| Petersen Health Care | 1974 | $540.0M | 4,500 | - |
| Hospice of the North Country | 1992 | $5.0M | 30 | - |
| Brooks Rehabilitation | 1970 | $50.0M | 300 | 237 |
| Altercare Centers | 1973 | $49.9M | 930 | 155 |
| StoneGate Senior Living | 2001 | $820,000 | 3,000 | - |
| PruittHealth | 1969 | $870.0M | 10,001 | 2,207 |
SunBridge Healthcare Corp history FAQs
Zippia gives an in-depth look into the details of SunBridge Healthcare Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SunBridge Healthcare Corp. The employee data is based on information from people who have self-reported their past or current employments at SunBridge Healthcare Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SunBridge Healthcare Corp. The data presented on this page does not represent the view of SunBridge Healthcare Corp and its employees or that of Zippia.
SunBridge Healthcare Corp may also be known as or be related to SunBridge Healthcare, SunBridge Healthcare Corp, SunBridge Healthcare LLC and Sunbridge Healthcare LLC.