Business
Physicians buy 2 Tenet hospitals
NEWS IN BRIEF — Posted Oct. 24, 2005
Tenet Healthcare Corp. plans to sell two California hospitals to a privately held group that is owned by doctors.
The Dallas-based hospital chain said it had reached an agreement to sell the 81-bed Community Hospital and 109-bed Mission Hospital, both of Huntington Park, to a company called Karykeion, which includes about 25 physicians on staff at the hospitals. The company was formed for the transaction. The sale, which is subject to regulatory approval, was expected to generate about $3 million in proceeds after taxes.
The hospital facilities are among 27 hospitals that Tenet said it would sell or divest as part of restructuring efforts announced in January 2004.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/10/24/bibf1024.htm.












