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Thursday, June 4, 2020  Spokane, Washington  Est. May 19, 1883
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News >  Nation/World

Hospital Chains Agree To Merge

By From Staff And Wire Reports

The merger of the the nation’s second and third-largest for-profit hospital chains - Tenet Healthcare Corp. and Ornda Healthcorp - will create a more competitive company, analysts said Thursday.

Tenet, based in Santa Barbara, Calif., said it would buy Nashville-based Ornda for $3.1 billion in stock and debt. The deal brings together Tenet’s 76 hospitals with Ornda’s 50 into a company with estimated annual revenues of $8.5 billion.

That would still leave it less than half the size of the No. 1 chain, Columbia/HCA Healthcare Corp., also based in Nashville

“It’s a great geographical and strategic fit between the two companies,” said analyst Sheryl Skolnick with Robertson Stephens in New York.

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Asking the right questions of your CBD company

Bluegrass Hemp Oil in Spokane Valley offers a variety of products that can be very effective for helping with some health conditions. (Courtesy BHO)

If you are like most CBD (cannabidiol) curious consumers, you’ve heard CBD can help with many ailments.