HCA Announces Completion of Sale of Cedars Medical Center

NASHVILLE, Tenn., Nov. 30 /PRNewswire/ -- HCA today announced the completion of the sale of Cedars Medical Center in Miami to the University of Miami for approximately $260 million. The sale is effective December 1, 2007.

HCA and the University of Miami announced the signing of a letter of intent to pursue the sale on March 26, 2007.

HCA maintains a strong presence in South Florida, which includes two hospitals, Kendall Regional Medical Center and Aventura Hospital and Medical Center, in Miami-Dade County.

All references to "HCA" as used throughout this document refer to HCA Inc. and its affiliates.


Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.