Gateway Health System, Clarksville, Tenn., said it has signed a letter of intent to negotiate exclusively with investor-owned Triad Hospitals, Plano, Texas, for the sale of the 201-bed hospital. Gateway announced in October 2004 that it was looking for a buyer or capital partner. Triad would build a replacement for the 51-year-old hospital as part of the deal, but no other terms were disclosed. Gateway said it expects to complete a definitive agreement with Triad by June 30. The agreement would have to be approved by the city of Clarksville, the Montgomery County Commission and the Memorial General Hospital District. Triad was one of about a dozen entities to respond to Gateway's request for proposals. Gateway did not reveal any of the others, but three large players in Nashville -- HCA, St. Thomas Health Services and Vanderbilt University Medical Center -- reportedly had interest in Gateway, which is about 50 miles northwest of Nashville. -- by Vince Galloro
Triad in 'exclusive' talks with Tenn. hospital
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