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Triad Hospitals history
Triad Hospitals company history timeline
1999: LifePoint Hospitals Inc. is formed following the spinoff of 23 hospitals from Columbia/HCA.
June 2000: Community Health Systems, Inc. is taken public for the second time on the New York Stock Exchange trading under the symbol CYH with an initial offering price of $13 per share.
Revenues for 2000, despite the year's difficulties, were strong at $557.1 million, with net income of $17.9 million.
2000: LifePoint's chief executive is killed in a plane crash.
2001: LifePoint's second chief executive dies of a heart attack.
Additionally, LifePoint submitted the winning bid for a bankrupt hospital in Logan, West Virginia, in November 2002.
The company had been buying select hospitals to bolster its presence in the Southeast, especially in Georgia and Louisiana, then bought three Alabama hospitals in 2002.
2002: The company buys the remaining interest in Dodge City Healthcare Group.
In early 2003 Wall Street was atwitter with rumors of a merger between LifePoint and Province Healthcare.
In 2004, like previous years, the company sought small- to medium-sized hospitals to add to its growing roster.
2004: LifePoint announces its intention to acquire Province and merge operations.
2005: Province Healthcare's holdings are merged into LifePoint.
In 2005, the VHA Board of Directors decided to have the nonprofit do business as (dba) Mat-Su Health Foundation and to start appropriating some of the revenues earned through hospital ownership back into the community in the form of grants to improve the health of Mat-Su residents.
The first grants were given in 2006.
Community, based in Nashville, had revenue of $4.37 billion in 2006, while Triad, based in Plano, Tex., had revenue of $5.54 billion.
July 2007: Community Health Systems, Inc. completes the acquisition of Triad Hospitals, Inc. adding more than 50 hospitals and nearly doubling the size of the organization.
In 2007, Triad Hospitals was purchased by Community Health Systems (CHS), and the unique nonprofit/for profit partnership has continued.
January 2014: Community Health Systems, Inc. completes the acquisition of Health Management Associates, Inc., adding approximately 70 hospitals to the organization.
April 2016: On April 29, 2016, the organization formed a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm.
In 2017, the foundation expects to award $7 million in grants and scholarships to improve the health of Mat-Su residents.
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Triad Hospitals competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Alameda Alliance for Health | 1996 | $545.0M | 100 | 3 |
| ConnectiCare | 1981 | $254.9M | 200 | - |
| Foundation Surgery Affiliates | - | $970,000 | 7 | - |
| Ohio Valley Health Services and Education Corporation | - | $50.0M | 1,825 | - |
| US Oncology Holdings Inc | 1992 | $140.0M | 4,800 | 509 |
| Promises Behavioral Health | 2007 | $1.0B | 750 | 38 |
| Athena Health Care Systems | 1984 | $39.0M | 263 | 27 |
| Skilled Healthcare | 2003 | $114.4M | 7,500 | - |
| Tutera Senior Living Communities | 1983 | $37.0M | 3,000 | 14 |
| Employers Health | 1983 | $2.4M | 30 | - |
Triad Hospitals history FAQs
Zippia gives an in-depth look into the details of Triad Hospitals, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Triad Hospitals. The employee data is based on information from people who have self-reported their past or current employments at Triad Hospitals. 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 Triad Hospitals. The data presented on this page does not represent the view of Triad Hospitals and its employees or that of Zippia.
Triad Hospitals may also be known as or be related to Triad Healthcare Corporation, Triad Healthcare Inc and Triad Hospitals.