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Tenet sells 3 Texas hospitals to HCA

Dallas-based Tenet Healthcare has completed the sale of three Texas hospitals and their related assets to Nashville, Tenn.-based HCA Healthcare.

The transaction, which Tenet and HCA announced in May, includes three acute care hospitals in Houston — Cypress Fairbanks Medical Center, Houston Northwest Medical Center and Park Plaza Hospital — and other healthcare facilities, including physician practices.

Tenet said Tuesday the transaction generated approximately $750 million in net pre-tax proceeds.

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