Trinity selling another unit; Deal for architecture firm ends unique arrangement.(The Week In Healthcare)(Trinity Health to sell its subsidiaries to HKS)

Modern Healthcare, October, 2006

Byline: Melanie Evans

Trinity Health continues to shed subsidiaries. This time, the Roman Catholic health system has a $1.2 million deal to sell its architecture and design arm to HKS, the Dallas-based healthcare architecture giant.

Trinity Design, Farmington Hills, Mich., a not-for-profit with 24 architects, had revenue of $9.1 million for the fiscal year ended June 30, according to Trinity Health. Trinity officials said they expect to announce the sale this week.

The Novi, Mich.-based system said in March it may sell or find a strategic affiliate for its health plans; the news came after Trinity divested a for-profit consultancy (March 13, p. 17). The two most recent moves were a result of Trinity's routine review of its for- and...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.