Sunday, July 16, 2006

A New Sheriff?...7/23


Rumors abound about E$$ent's financials, but here's a new one: The folks that Weatherford selected, CHS, is buying PRMC. If it's true, you heard it here first. If it isn't, I didn't say nuthin'.

In retrospect, I did have some nice things to say about them, but I wouldn't have thought enough to bring them here.... Guess it wasn't me, then.

Apparently they've been buying hospitals that are in the same category as what Essent has been, but with deeper pockets, they can afford to take the long view. Funny, they're out of the Nashville area, too, I believe.

Granbury has been one of their recent acquisitions, and despite a near boycott, have plans to triple the number of beds, and with a new facility/medical staff, they are betting on success.

This was a quickie, and not as well developed as the usual fare, but I just got the email, and had to punch it out. Stay tuned for updates, revisions, and flat out denials.... If true, this has scooped the Nashville Business News and a lot of reputable papers...oh yeah, and the Snooze....

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