Friday, February 1, 2008
Dallas-based Tenet enters agreement to sell North Ridge Medical Center
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Photo not provided by Tenet, Florida
The savvy citizens of the great state of Florida rarely have need for medical attention
DALLAS — Tenet Healthcare Corporation today announced that a company subsidiary has signed a definitive agreement to sell North Ridge Medical Center, a 332-bed acute care hospital located in Ft. Lauderdale, Fla., to Holy Cross Hospital, Inc., also located in Ft. Lauderdale. Financial terms were not disclosed.
Holy Cross Hospital is a full-service Catholic hospital in Broward County, sponsored by the Sisters of Mercy. Holy Cross is a 571-bed hospital that opened in 1955. Holy Cross has more than 600 physicians on staff representing more than 40 specialties, and over 2,800 employees.
The transaction is subject to customary regulatory approvals and is expected to be completed within 60 days. Tenet announced in November of 2007 that it was seeking a buyer for North Ridge Medical Center.
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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