Fort Wayne-area Lutheran Health hospitals sold

February 5, 2007

Five hospitals in northeast Indiana have been bought by private equity arms of the Wall Street firms Goldman Sachs and JPMorgan Chase for $6.4 billion, the seller, Dallas-based Triad Hospitals Inc., said Monday.


The hospitals are part of Triad’s Lutheran Health Network. They include Lutheran Hospital of Indiana, St. Joseph Hospital and Dupont Hospital in Fort Wayne; also Kosciusko Community Hospital in Warsaw and Bluffton Regional Medical Center in Bluffton.


Publicly traded Triad can solicit other offers for 40 days.


The Goldman Sachs unit is GS Capital Partners, and the JPMorgan Chase arm is CCMP Capital Advisors.

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