Two HCA veterans said they have raised $77 million for a new hospital company seeking to buy rural hospitals. Richard Gore and Robert Yeager are the co-chief executive officers of Attentus Healthcare, Nashville, and will have major equity stakes in the privately held company. In a news release, Yeager said the new company will seek hospitals that would benefit from investments in new services and physician recruitment. The majority of the investment -- $75 million -- comes from JLL Partners, a private equity firm whose previous healthcare investments include OrNda HealthCorp, Nashville, and Iasis Healthcare Corp., Franklin, Tenn. The remaining $2 million was put up by Clayton Associates, which is run by former HCA Chairman R. Clayton McWhorter. Gore worked for HCA and then the former Quorum Health Group. In 1996, he was co-founder and chief financial officer of Province Healthcare Co. Yeager served as executive vice president and CFO of both HCA and Quorum. More recently, Yeager was CEO of OrthoLink Physicians Corp., where he presided over the selling of the company to United Surgical Partners International. -- by Vince Galloro
HCA veterans raise funds for new hospital company
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