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WellStar pays $575M for 5 Tenet hospitals

Dallas-based Tenet Healthcare sold its five Atlanta-area hospitals and 26 physician clinics to Marietta, Ga.-based WellStar Health System for $575 million in cash.

Tenet and WellStar began negotiations last July, and the systems entered a definitive agreement for the sale of the hospitals and clinics last December.

The five hospitals included in the deal are: 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.

More articles on healthcare industry transactions:

26 hospital transactions and partnerships in March
Capella inks private-public partnership with Arkansas hospital
Advocate, NorthShore to offer low-cost health plan if merger goes through

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