Tenet Healthcare Closes $975M Sale of 4 Hospitals to UCI Health

Tenet Healthcare has wrapped up its deal to sell four hospitals and their related outpatient sites to UCI Health, according to an announcement by the academic system. The four hospitals—Fountain Valley Regional Hospital, Lakewood Regional Medical Center, Los Alamitos Medical Center and Placentia-Linda Hospital—are all located in California’s Orange and Los Angeles counties and combine for 858 inpatient beds. The hospitals and the associated locations generated about $1 billion of revenue during 2023 and delivered pretax income of about $29 million, for-profit Tenet said in February when first disclosing the $975 million deal.

Read the full article: Tenet Healthcare Closes $975M Sale of 4 Hospitals to UCI Health //

Source: https://www.fiercehealthcare.com/providers/tenet-healthcare-closes-975m-sale-4-hospitals-uci-health

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