Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SUNDAY, February 10, 1991 TAG: 9102080175 SECTION: CURRENT PAGE: NRV-5 EDITION: NEW RIVER VALLEY SOURCE: DATELINE: PULASKI LENGTH: Short
The company, which has a sizable debt from its leveraged buyout in 1987, ended its third year with a $59 million loss.
Cash flow, a significant measure of a leveraged company's performance, grew by almost 40 percent to $348 million.
The company raised $250 million through the sale of 19 of its hospitals.
A spokesman said the strong financial performance has allowed the company to invest in new equipment, facilities and physicians for its hospitals.
Plans include equipment replacements, renovations, computer technology and new medical technology.
HealthTrust is a Nashville-based company with 85 hospitals in 21 states.
It is the largest majority employee-owned company in the nation.
by CNB