Former patient shared disturbing experiences at Transylvania Regional Hospital in the face of news that Buncombe County and Asheville have joined Brevard's suit against HCA Healthcare Inc.
We moved away from Brevard in 2005 (after 4 yrs here) due to inefficient and questionable hospital and ER service at TRH only to move back in 2020 to the train wreck that is now hospital care here. I am a nurse and furious at the turn of events. For Profit means simply: Return on Investment. It will get worse.
(NYSE: HCA) today announced the completion of a merger in which HCA has been acquired by a private investor group including affiliates of Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity, HCA founder Dr. Thomas F. Frist, Jr.Nov 17, 2006"
I had researched HCA soon after this started several years ago. At the time, the sale and fallout were beginning to smell like Private Equity was involved. And sure enough, it is. As I remember, several.large Private Equity groups had purchased HCA in, I believe, 2016.
We moved away from Brevard in 2005 (after 4 yrs here) due to inefficient and questionable hospital and ER service at TRH only to move back in 2020 to the train wreck that is now hospital care here. I am a nurse and furious at the turn of events. For Profit means simply: Return on Investment. It will get worse.
Wow, wow, wow!
Per my comment below:
KKR & Bain Capital bought HCA in 2006.
"Does KKR still own HCA?
(NYSE: HCA) today announced the completion of a merger in which HCA has been acquired by a private investor group including affiliates of Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity, HCA founder Dr. Thomas F. Frist, Jr.Nov 17, 2006"
Margaret, according to Reuters, HCA went public in 2011, for the third time, starting in 1969. Started in 1968 by Thomas First, MD., in Tennessee.
It's history with Rick Scott is a whole 'nother sorry story. Easily found on Google.
I had researched HCA soon after this started several years ago. At the time, the sale and fallout were beginning to smell like Private Equity was involved. And sure enough, it is. As I remember, several.large Private Equity groups had purchased HCA in, I believe, 2016.
With the lack of staff and services, it seems like the TRH ER is mostly an intake center for Mission.
At the least, our community needs and deserves the services that the hospital had previously, before HCA.