Tenet Sells 243-Bed Pennsylvania Hospital
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Tenet Healthcare Corp., based in Santa Barbara, reached an agreement to sell a 243-bed hospital in Pennsylvania to the Albert Einstein Healthcare Network for $13 million.
It was the second announcement of a sale in as many days for Tenet, which is selling 12 hospitals and closing two others to pare debt.
Tenet’s sale of the Elkins Park Hospital includes the 30-acre parcel it’s on in Elkins Park, Pa. The sale is subject to regulatory approval.
Tenet shares rose 54 cents to $15.53 on the New York Stock Exchange, its best finish in more than two months.
-- Ronald D. White
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