Tenent in Talks to Buy USC’s Cancer Hospital
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Tenet Healthcare Corp. is in talks with USC over the possible purchase of the university’s Kenneth J. Norris Jr. Cancer Hospital. Tenet, based in Santa Barbara, has managed the 60-bed hospital since 1997. Representatives from both sides said negotiations were going well but that they involved complex issues.
The hospital shares some facilities with the USC/Norris Cancer Center, a research institution that would not be part of any transaction. USC, which has a long relationship with Tenet, initiated the discussions.
Tenet owns the 285-bed USC Medical Center, opened in 1991.
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