HCA's TriStar Division To Buy Grandview Medical Center; Terms Undisclosed

(RTTNews) - HCA Holdings Inc. (HCA) announced that its TriStar Division agreed to acquire Grandview Medical Center in the Chattanooga, Tenn.-area from Capella Healthcare. Terms of the agreement were not disclosed.

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

The transaction is subject to customary regulatory approvals and is expected to be completed in the first quarter of 2014.

In a separate press release, HCA Holdings announced that it expects its Adjusted EBITDA to be approximately $65 million to $75 million above the high-end of its previously issued guidance range of $6.25 to $6.50 billion for 2013. The company anticipates reporting its fourth quarter 2013 results of operations and guidance for 2014 on February 4, 2014.