By Ed Sealover
Denver Business Journal
It’s been almost two years since the Colorado Health Foundation sold its share in the HCA-HealthOne system, but opponents of the deal still are trying to get the transaction nullified.
Former board members of the state’s largest foundation argued in the Colorado Court of Appeals Wednesday that Attorney General John Suthers erred in allowing the $1.45 billion sale to HCA Holdings Inc. to go through in October 2011, saying that the transaction fundamentally altered the oversight of a seven-hospital system that had been run jointly by the foundation and Nashville-based HCA (NYSE: HCA).
Attorneys for the group asked that the court require Suthers to re-examine the sale, saying that if he were forced to do that, they believe he would have no choice but to nullify the sale and force the foundation to buy back its 50 percent oversight of the health system.
Click here to read the story.