Tuesday, April 1, 2008

Dallas-based Tenet completes sale of North Ridge Medical Center

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DALLAS — Tenet Healthcare Corporation 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.

Photo not provided by Tenet Healthcare

For some reason, the company has been unloading hospitals like hotcakes

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 in Encino campus, Los Angeles, and Encino-Tarzana Regional Medical Center – Tarzana campus, also in Los Angeles. 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.

Source: Tenet Healthcare

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