As part of this sale, USC has conditionally agreed to employ all current hospital employees who are in good standing. In addition, all pending litigation between Tenet and USC will be dropped. The transaction is expected to close on March 31, 2009.
"We’re pleased that our agreement to move forward with the sale of USC University Hospital and the Norris Cancer Hospital will bring enhanced clarity to the future of the hospitals and their fine staff," said Trevor Fetter, president and chief executive officer of Tenet Healthcare Corp., in the news release.
Read the news release about the Tenet/USC sale.
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