Capella Health

Nashville, Tenn., March 3, 2014 – Capella Healthcare has announced that the sale of Grandview Medical Center to HCA’s TriStar Division has been completed, effective March 1, 2014.

Grandview Medical Center is a 70-bed hospital in Jasper, Tenn. that serves five counties in Tennessee, Georgia and Alabama. The hospital is now part of the Parkridge Health System in HCA’s TriStar Division. With the acquisition of Grandview, the Parkridge Health System includes five facilities in the Chattanooga market.

“To best serve their communities in this new era, hospitals must lower costs and expand access while continuing to improve quality. Having Grandview become part of Chattanooga’s leading health care system is the most logical next step for them and helps to ensure the provision of high quality care in the Sequatchie Valley for years to come,” said Mark Medley, SVP, President of Hospital Operations for Capella Healthcare. “We are proud of Grandview’s staff’s achievements during the eight years they’ve been part of our Capella family and, in particular, the high quality of care and service they’ve provided.

Terms of the agreement were not disclosed. Capella and HCA are working closely to ensure a smooth transition for hospital employees, patients and the community.

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All references to “HCA” as used throughout this release refer to HCA Holdings, Inc. and its affiliates.

About TriStar Division
HCA’s TriStar Division provides a complete continuum of high quality programs and services to meet the healthcare needs of residents and businesses in Tennessee, South Central Kentucky and North Georgia. HCA’s TriStar Division has 21 facilities, 10 ambulatory surgery centers, numerous diagnostic imaging, physician practices and occupational health sites which treat 127,000 patients and 584,000 emergency room visits annually. Nine HCA TriStar Division hospitals were recently named Top Performers on Key Quality Measure ™ by The Joint Commission. HCA’s TriStar Division is a leading comprehensive, integrated provider of healthcare and related services operating 3,230 licensed beds in three states with a staff exceeding 13,000 employees.

About Capella Healthcare
Capella Healthcare partners with communities to build strong local healthcare systems that are known for quality patient care. Based in Franklin, Tenn., Capella owns and/or operates 13 acute care and specialty hospital facilities in six states. With the philosophy that all healthcare is local, Capella collaborates with each hospital’s medical staff, board and community leadership to take care to the next level. The company has access to significant leadership and financial resources, investing in its family of hospitals to strengthen and expand services and facilities. Capella was recognized by Modern Healthcare in 2012 and 2013 as one of the nation’s fastest growing health care companies. Capella was the highest ranked acute-care hospital company on the prestigious “Healthcare’s Hottest” listing of 40 in 2013. For more information, visit the website, www.CapellaHealthcare.com.