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Tenet, WellStar reach agreement for sale of Tenet's Georgia hospitals

Dallas-based Tenet Healthcare and Marietta, Ga.-based WellStar Health System have entered a definitive agreement in which WellStar will acquire Tenet's five hospitals in the Atlanta area.

Included in the deal are 26 physician clinics as well as the five hospitals: Atlanta Medical Center; East Point, Ga.-based Atlanta Medical Center-South Campus; Roswell, Ga.-based North Fulton Hospital; Griffin, Ga.-based Spalding Regional Hospital; and Jackson, Ga.-based Sylvan Grove Hospital.

WellStar began pursuing the deal in July.

The agreement is expected to be completed as early as the first quarter of 2016.

More articles on hospital transaction and valuation issues:
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