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Home > Company Index > Health Products & Services > Hospitals > NetCare Health Systems, Inc.

NetCare Health Systems, Inc.
 PROFILE
NetCare Health System has learned the hard way that escaping the big city doesn't mean escaping big city problems. Charterhouse Equity Partners and executives from Healthtrust founded the company in 1996 to buy hospitals in rural areas, where there is greater customer loyalty and less competition from national hospital giants. Its first purchase was Southern Health, operator of four hospitals and three nursing homes in Georgia. NetCare eventually owned some 15 facilities located primarily in the South. Dwindling reimbursement rates couldn't keep up with rising health care costs, so the company has been selling its hospitals piecemeal.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 130.30
1-Yr. Sales Growth: 314.8%
Employees: 1,210
Revenue per employee: $107,685.95

 KEY PEOPLE
• Michael A. Koban
    CEO
• Glenn D. Davis
    CFO

 CONTACT INFO
424 Church St., Ste. 2100
Nashville, TN 37219
US
Phone: 615-742-8500
Fax: 615-742-8505

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