Integrated Healthcare Holdings, Costa Mesa, Calif., in anticipation of future acquisitions, moved its chief financial officer, James Ligon, to the newly created position of vice president of mergers and acquisitions. Chief Accounting Officer Steven Blake replaced Ligon as CFO. Larry Anderson, president of the four-hospital, for-profit company said, "We're actively looking at acquisitions, which are very time-consuming, complex transactions and take a full-time person to usher the projects through." Integrated paid $70 million in November 2004 to buy four Orange County, Calif., hospitals of Tenet Healthcare Corp. Anderson said Integrated used bridge financing for that transaction but plans to tap the capital markets for future purchases. "I think there will be no problem getting money, assuming the hospital deal is a compelling one," he said. -- by Mark Taylor
Small for-profit chain names exec to lead acquisitions
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