Hospital operator MedCath filing paperwork to dissolve
MedCath, a Charlotte-based hospital operator that once had annual revenue of $636 million, is filing paperwork to dissolve Friday, brought down by changing regulations, consolidation, and a heavy reliance on the rapidly changing business of cardiac care. The company already has finished selling off its eight majority-owned hospitals, its two minority stakes in hospitals, and other cardiac care practices. After filing a certificate of dissolution in Delaware on Friday, the company will distribute $6.33 per share to its stockholders and halt trading of its shares for good.
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