DENVER—HCA Holdings Inc. plans to buy the rest of a Denver-area joint venture with the Colorado Health Foundation that it doesn’t already own for $1.45 billion.
The parties said Wednesday they have entered a nonbinding memorandum of understanding for the foundation to sell its roughly 40 percent share of HCA-HealthONE LLC.
The HealthONE system includes The Medical Center of Aurora and Centennial Medical Plaza; North Suburban Medical Center; Presbyterian/St. Luke’s Medical Center and Rocky Mountain Hospital for Children; Rose Medical Center; Sky Ridge Medical Center; Spalding Rehabilitation Hospital; Swedish Medical Center and Swedish Southwest ER.
The sale is expected to close this year, pending review by Colorado’s attorney general.
The foundation plans to use sale proceeds to further its mission of increasing health care access and encouraging healthy living.
