HCA Insiders May Be In Hot Water Again

Law360 (February 15, 2006, 12:00 AM EST) -- Eight months after the U.S. Securities and Exchange Commission opened an investigation into the sale of HCA shares by Senate Majority Leader Bill Frist and others, the embattled hospital chain has again aroused regulatory suspicion after two insiders sold shares on the same day the company issued a market-moving announcement.

HCA raised eyebrows again after it was discovered that Bruce Moore, Jr., HCA’s president of outpatient services, and T. Michael Long, a company director, unloaded a total of 28,500 shares at an average price above $49...
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