RESTON HOSPITAL'S Parent Company Bought Out
HCA, Inc., the country’s largest for-profit hospital operator group and parent company of Reston Hospital Center, announced Monday it agreed to be bought by a private investor group for about $21 billion, according to a press release. Bain Capital, Kohlberg Kravis Roberts & Co., and Merrill Lynch Global Private Equity and HCA founder Dr. Thomas F. Frist, Jr., the brother of Senate Majority Leader Bill Frist (R-Tenn.), will acquire HCA in a transaction that includes the assumption or repayment of approximately $11.7 billion of debt, said the release. The total transaction, which is valued at $33 billion, is one of the biggest buyouts in U.S. corporate history.
According to the release, HCA stockholders will receive $51 in cash for each share of HCA common stock they hold, under the terms of the agreement. "After careful analysis, the special committee and the board have endorsed this transaction as being in the best interests of our shareholders,” said Jack O. Bovender, Jr., HCA chairman and CEO, in a statement.
VOLUNTEERS NEEDED For ‘Works Sunday’
Works Sunday, an annual event sponsored by 15 faith communities in Reston and Herndon, will take place Aug. 20. Volunteers are needed for the event, which features 15 separate service projects and five donation opportunities.
This year’s event features two new projects: preparing and serving a hot meal at the Embry Rucker Community Shelter and cleaning kitchens at the Herndon Harbor House.
Perennial projects include a food collection drive at three local supermarkets for the Reston Interfaith food pantry, stuffing backpacks for needy schoolchildren, doing maintenance at several local Gabriel Homes group residences, making bag lunches for homeless people, holding worship services and luncheons at the Hunters Woods and Lake Anne Fellowship Houses, and providing musical programs at Sunrise/Reston and Cameron Glen Nursing Home.
In addition, Works Sunday is collecting used videos suitable for children and teen-agers who are patients at Reston Hospital, school supplies for children at the Herndon Neighborhood Resource Center, underwear and children’s clothes for Laurel Learning Center, gift certificates for the Fairfax County Abused Women’s Shelter, and a list of items for the Rucker Shelter. For more details, anyone interested can visit the Web site, www.workssunday.org, or call Marilyn Silvey at 703-860-5141.
ACCEPTING DRB Applications
Interested in serving on the Reston Associations Design Review Board or the Covenants Committee?
The Association’s Board of Directors is seeking interested volunteers for appointment to vacancies for each review body.
One lay member is needed for a three-year term on the DRB. The lay member must be a member of the association, but professional design experience is not required. The DRB interprets, administers, and renders decisions involving the design covenants in accordance with the design guidelines.
In addition, two Reston Association members are needed to serve three-year terms in the newly created "At-Large" positions on the Covenants Committee. This committee administers the Use and Maintenance Covenants and considers and decides violation cases concerning them.
Applicants should include a brief statement of interest and any pertinent qualifications by Sept. 5. Send applications to Reston Association, 1930 Isaac Newton Square, Reston VA 20190, Attention: Covenants Administration, or fax to 703-435-6516, or e-mail to sueo@reston.org.
AUDITION FOR Reston Chorale
The Reston Chorale, a non-profit cultural arts organization, will hold auditions for the 2006–07 season. Auditions will be held on Aug. 21 and 22 from 6:30 p.m. until 8:30 p.m. at the Reston Community Center at Hunters Woods. To secure an audition time or for more information visit the Chorale Web site, www.restonchorale.org or call 703-834-0079. The Reston Chorale, the mixed voice chorus of 120 singers, entertains audiences with diverse shows throughout the year. The Chorale, which was founded in 1967, is directed by Frederick Wygal. For more information, call Linda Ackerman at 703-834-0079.