Tenet Completes Sales of 5 Hospitals
From Times Staff and Wire Reports
Tenet Healthcare Corp. said it completed the previously announced sales of five acute-care hospitals in three states, including Hollywood Presbyterian Medical Center.
Hollywood Presbyterian was sold to CHA Medical Group. Tenet estimated net after-tax proceeds of that single sale to be $71 million.
The other transactions involved hospitals in Louisiana and Massachusetts. The five hospitals are among 27 that Tenet announced it was divesting last January.
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