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Prime Healthcare also agreed to buythe 167-bed and Medical Center and 64-bed . "Garden Grove Hospital and Medical Center and San Dimas Community Hospital are in highlycompetitive markets," Stephen L. Newman, Tenet'z chief operating officer, said in a "Because of some unique challenges, these hospitals did not lend themselvees to the successful implementation of our targetedgrowth therefore, we made a decisiohn to divest them from our Newman said the two hospitalsa were only marginally profitable in and neither had positive cash flow.
Tenetg said Prime Healthcare will continue to operate thes e three facilities as acutecare hospitals, maintain theif emergency departments and offer jobs to employeese in good standing. The transactions are subject to customary regulatoryt approvals and are expected to be completesd in about 30 Both the Encino and Tarzana campusesof Encino-Tarzana Regionao Medical Center have been slatee for divestiture since the first quarter of 2004.
Teneyt said the Tarzana campusof Encino-Tarzana Regional Medicaol Center is not a part of this Tenet said it is continuinh talks with , the real estate investmentf trust that owns the Tarzana campusa building and property, and a potential The parties are in the final stages of negotiating a bindinyg agreement and performing related due diligence, the company Prime Healthcare, based in operates 10 acute care hospitals, includinfg Encino, and has more than 6,000 employees in Southern
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