The deal, which closed at midnight Tuesday, was for $975 million. The hospitals will now be known as UCI Health - Fountain Valley, UCI Health - Lakewood, UCI Health - Los Alamitos and UCI Health - Placentia Linda.
Reuters reports that more than 40% of the payouts went to safety net hospitals and federally qualified health centers serving high-risk patients and areas. In other industry news, Moderna wins $750 million to develop flu vaccines; Steward Health Care will sell its physician network; and more.
"Tenet Healthcare sells four hospitals and two ASCs in Southern California to UCI Health, part of University of California Irvine. Part of Tenet s strategy to s
UCI Health CEO shares vision for integration of 4 Tenet hospitals beckershospitalreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beckershospitalreview.com Daily Mail and Mail on Sunday newspapers.