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Article: Tenet Resolves Litigation with HCP.
- Article from:
- Business Wire
- Article date:
- July 1, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Settlement Agreement Ends Dispute with Hospital Lessor, HCP, Inc.
Tenet Will Continue to Operate Four Hospitals Leased from HCP
Leases at Two HCP-Owned Hospitals Will Not Be Renewed
DALLAS -- Tenet Healthcare Corporation (NYSE: THC) announced it has reached a settlement with HCP, Inc. (NYSE: HCP), a real estate investment trust based in Long Beach, Calif., that owns seven hospitals leased by Tenet subsidiaries. The agreement will resolve the pending litigation and arbitration proceedings between the two companies, continue or extend the operating leases at four hospitals, and provide notice of non-renewal at two hospitals.
As part of ...