Capital Medical Center sold

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Capital Medical Center sold

Submitted by Rick on Fri, 12/02/2005 - 6:41am.

From Puget Sound Business Journal:

Capella Healthcare has completed its $260 million acquisition of five hospitals, including Capital Medical Center in Olympia, from Hospital Corporation of America Inc.
The purchase prices of individual hospitals were not disclosed. Capella is backed by private equity firm GTCR Golder Rauner LLC.
Capella, based in Brentwood, Tenn., specializes in hospital operations in communities of similar size to Olympia, said Joe Sharp, chief executive of Capital Medical Center.
HCA was the original developer of Capital Medical Center 20 years ago. The 119-bed hospital employs nearly 500 and serves all of Thurston County and the surrounding counties.

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