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Physicians join other investors to buy California hospital

NEWS IN BRIEF — Posted Sept. 19, 2005

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A group of more than 50 physicians on staff at Brotman Medical Center in Culver City, Calif., have joined other investors to take over the 420-bed facility.

The investment group, which also included a subsidiary of Prospect Medical Holdings and private investors from the community, bought the hospital for about $27 million from Tenet Healthcare Corp. The sale was completed Sept. 1.

The hospital was among 27 facilities Tenet wanted to shed under a divestiture program announced in January 2004. The Dallas-based hospital chain said it had sold 23 hospitals and is in negotiations to sell the remaining four.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/09/19/bibf0919.htm.

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