Article: Hospital sale closes.(HEALTH CARE & BIOTECH)(HCP Inc.)(Brief article)

Tenet Healthcare Corp. announced Sept. 19 that a subsidiary purchased the 245-bed Tarzana campus of Encino-Tarzana Regional Medical Center from HCP Inc. and simultaneously sold it to Providence Health & Services-California.

The estimated $89 million deal was first announced in July. Dallas-based Tenet had been trying to divest the hospital for three years, but was hampered by an ongoing dispute with HCP, a Long Beach real estate investment trust ...

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