Tenet Completes Sale of North Ridge Medical Center
Tenet Healthcare Corporation (NYSE: THC) today announced that a company subsidiary has completed the previously disclosed sale of North Ridge Medical Center, a 332-bed acute care hospital located in Ft. Lauderdale, Fla., to Holy Cross Hospital, Inc.
The sales price was $20 million and the proceeds will be used for general corporate purposes.
With the sale of North Ridge Medical Center now complete, two acute care hospitals remain for sale. They are:
* Encino-Tarzana Regional Medical Center – Encino campus, Los Angeles, Calif.
* Encino-Tarzana Regional Medical Center – Tarzana campus, Los Angeles, Calif.
Discussions with potential buyers for these hospitals are ongoing.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
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