Tenet Completes Sale of Tarzana Hospital to Providence Health & Services - California
DALLAS . – Tenet Healthcare Corporation (NYSE: THC) today announced that a Tenet subsidiary purchased the 245-bed Tarzana campus of Encino-Tarzana Regional Medical Center from HCP (NYSE: HCP), and simultaneously sold it to Providence Health & Services – California. These events complete the previously disclosed transaction announced on July 1, 2008. The related sale of the Encino campus closed on June 2, 2008.
Also, a Tenet subsidiary sold its interest in a joint venture with HCP. The proceeds of the sales, which were not disclosed, will be used for general corporate purposes.
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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