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Latest Tenet Healthcare Stories

2008-07-01 12:01:08

To: MEDICAL EDITORS Contact: Patricia Aidem, +1-818-631-7429 (cell), +1-818-898-4780 (office), Patricia.Aidem@providence.org, or Susan Hollander, +1-818- 847-3331 (office), +1-818-815-8105 (cell), Susan.Hollander@providence.org, both of Providence Health & Services TARZANA, Calif., July 1 /PRNewswire-USNewswire/ -- Providence Health & Services California Region announced today that it has signed a definitive agreement with Tenet Healthcare Corporation to acquire the Tarzana campus...

2008-07-01 09:01:12

Tenet Healthcare Corporation (NYSE: THC) announced it has reached a settlement with HCP, Inc. (NYSE: HCP), a real estate investment trust based in Long Beach, Calif., that owns seven hospitals leased by Tenet subsidiaries. The agreement will resolve the pending litigation and arbitration proceedings between the two companies, continue or extend the operating leases at four hospitals, and provide notice of non-renewal at two hospitals. As part of the HCP settlement, a Tenet subsidiary has...

2008-07-01 09:01:11

Research and Markets (http://www.researchandmarkets.com/research/60e8ea/tenet_healthcare_c) has announced the addition of the "Tenet Healthcare Corporation - IT Sales Opportunities - 2008" report to their offering. Tenet Healthcare Corporation is an investor-owned healthcare services company, whose subsidiaries and affiliates primarily operate general hospitals and related healthcare facilities, and also hold investments in other companies (including health care companies). All of...

2008-06-30 21:02:45

Tenet Healthcare Corporation (NYSE: THC) today announced that company subsidiaries have completed the previously disclosed sales of two acute care hospitals in California - 167-bed Garden Grove Hospital and Medical Center and 93 - bed San Dimas Community Hospital - to Prime Healthcare Management, Inc. of Victorville, Calif. The sales prices totaled approximately $41 million, and the proceeds will be used for general corporate purposes. Tenet Healthcare Corporation, through its...

2008-06-26 09:03:11

Tenet Healthcare Corporation (NYSE:THC) today announced that it has signed a multi-year agreement with MultiPlan, Inc., which includes participation in both the MultiPlan and PHCS (formerly Private Healthcare Systems) networks. The agreement includes all Tenet hospitals, outpatient and ambulatory care centers beginning July 1, 2008. Contracts for employed physicians will be finalized in the coming weeks. The following hospitals will be added to the MultiPlan and/or PHCS networks:...

2008-06-24 02:30:29

Tenet Healthcare Corporation (NYSE: THC) today announced that it will be selling its entire interest in Broadlane, Inc. as part of a definitive agreement reached for TowerBrook Capital Partners L.P. to acquire a majority interest in Broadlane. Tenet's proceeds from the sale will be approximately $155 million in cash. Ten percent of the proceeds will be held in escrow and distributed over approximately six years. Tenet expects to record a gain on the transaction, which will be substantially...

2008-06-24 02:30:29

TowerBrook Capital Partners L.P., the New York and London-based private equity firm, announced today that it has signed a definitive agreement to acquire a majority interest in Broadlane, Inc., a leading provider of supply chain management and clinical workforce management services to the U.S. healthcare industry. Under the terms of the agreement, Broadlane's senior management team will continue to retain a significant ownership interest in the company. Financing for the transaction will be...

2007-12-03 09:01:00

Tenet Healthcare Corporation (NYSE:THC) announced today that a company subsidiary has completed the previously disclosed sale of Shelby Regional Medical Center, a 54-bed acute care hospital located in Center, Texas, to Shelby Medical Holdings, LLC. Year-to-date, the hospital has had an average daily census of eight. Pre-tax proceeds from the sale are approximately $2 million. The proceeds will be used for general corporate purposes. With the sale of Shelby Regional Medical Center now...

2007-11-01 09:01:02

Tenet Healthcare Corporation (NYSE:THC) today announced that a subsidiary has completed the purchase of the assets of Stanislaus Behavioral Health Center, a 67-bed county behavioral health hospital located in Modesto, Calif. It will continue to operate as a department of Doctor's Medical Center of Modesto and will be renamed Doctor's Behavioral Health Center. The approximate purchase price is $10.9 million and is subject to normal post-closing adjustments. Doctor's Medical Center of...

2007-08-23 12:13:52

Tenet's Central Region announced today the appointment of three new chief executive officers at its three acute care hospitals that are part of the Sierra Providence Health Network (SPHN) in El Paso, Texas. Irene Chavez, a 13-year veteran of SPHN, was promoted from chief operating officer to lead the 508-bed Providence Memorial Hospital, effective immediately; Edmundo Castaneda joins Tenet from a former Triad Hospitals, Inc. hospital to lead the 351-bed Sierra Medical Center, effective...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.