Triad to Acquire Quorum Health Group, Inc.
Triad plans to acquire Quorum Health Group
The combination creates the country’s third largest hospital management company
- 50 hospitals and 14 surgery centers
- 9,055 total licensed beds
- Combined LTM revenue: $3.1 billion, EBITDA: $502 million
Increased geographic diversification with operations in 17 states
Industry’s preeminent position in small city markets
Estimated pre-tax synergies of $15 - $20 million, half of which will be recognized in the first year
Through divestitures, synergies and a focus on debt reduction, the combined entity’s financial profile will quickly improve