The Colorado Attorney General’s Office has concluded that The Colorado Health Foundation (TCHF) is legally entitled to receive the expected proceeds from the $1.45 billion sale of its 40 percent equity interest in the HealthOne hospital system to Hospital Corporation of America (HCA), the nation’s largest hospital chain.

Troy A. Eid, a shareholder in the Denver office of Greenberg Traurig LLP is representing TCHF in the legal and public interest review of this transaction by Colorado Attorney General John Suthers. Monte Dube of Proskauer Rose LLC in Chicago is acting as transaction counsel. 

The sale would strengthen and extend The Colorado Health Foundation’s ability to invest in the good health of Colorado’s citizens for generations to come. HealthOne has seven Denver area hospitals, 13 ambulatory surgery centers and 30 outpatient facilities. HealthOne employs about 3,000 physicians, making it the largest for-profit healthcare system in the Front Range. 

Eid rejoined Greenberg Traurig in January 2009 after serving as the United States Attorney for the District of Colorado for which he was appointed by President George W. Bush. He currently serves as the chairman of the U.S. Indian Law and Order Commission, a national blue-ribbon commission established by the Tribal Law and Order Act of 2010 to advise the President and Congress on strengthening the criminal justice system on and near Indian reservations throughout the United States.