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Article: Hospital sale closes.(HEALTH CARE & BIOTECH)(HCP Inc.)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 29, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. 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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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 ...