Attorney General releases analysis of pending hospital transaction and announces public hearings

DENVER — Colorado Attorney General John Suthers announced today that his office has decided to hold two public hearings concerning HCA Holdings, Inc.’s proposed acquisition of the Colorado Health Foundation’s interest in the HCA-HealthONE hospital system. This decision stems from the office’s determination that the proposed $1.45 billion transaction does not fall under the Colorado Hospital Transfer Act but does warrant review under the Attorney General’s common-law authority over charitable organizations (§24-31-101(5), C.R.S.). That determination is detailed in an attached letter sent today to counsel for the Colorado Health Foundation.

“This proposed transaction has the potential to reshape the health care market in the Denver Metropolitan Area,” Suthers said. “Even though we have concluded that the proposed acquisition does not fall under the letter of the Hospital Transfer Act, it will have a substantial effect on health care that will be felt throughout the state. Accordingly, I believe it is essential that my office exercise its common-law authority to review this transaction and to ensure that the public’s voice is heard regarding this matter.”

The hearings, which will be open to the public, are scheduled to be held:

  • 6 p.m. to 9 p.m. on Monday, Sept. 26 at Rose Medical Center, 4567 E 9th Ave in Denver; and,
  • 9 a.m. to noon on Tuesday, Sept. 27 at Skyridge Medical Center, 10101 Ridgegate Parkway in Lone Tree.

Members of the public who cannot attend one of the meetings but would like to contribute comments to the Attorney General’s Office concerning the hospital transfer can do so via hospitaltransfer@state.co.us or by sending a letter to 1525 Sherman St., 7th floor, Denver, CO 80203.

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