In order to widen its integrated healthcare network in the
Central Valley region of California,
Tenet Healthcare Corporation
) entered into an agreement to acquire Emanuel Medical Center.
The transaction is expected to culminate in the second quarter of
2013 pending regulatory approval.
The deal benefits Tenet as it will help to enhance its
integrated healthcare network. The network will further
incorporate physician organizations and develop outpatient
facilities in patient-friendly locations for patient-care
improvement, and expand its operations in the Central Valley.
Subsequent to the deal, Turlock Calif. based Emanuel will also
be integrated into Tenet's healthcare network, though it will
remain affiliated to the Evangelical Covenant Church.
With the aim to provide patient-centered care in the region,
Emanuel Medical Center will partner with Doctors Medical Center
of Modesto and Doctors Hospital of Manteca following the deal.
These hospitals will combine efforts to work towards improving
the efficiency and coordination of healthcare delivery in
communities where they provide their services.
Tenet, which has been expanding its business continuously for
some time now, considers Emanuel Medical Center to be the perfect
choice for its Central Valley expansion as patients would be able
to receive services close to their homes.
In order to expand its operations, the company engages in a
number of acquisitions and partnerships. Preceding this deal last
month, Tenet announced a joint venture with the non-profit
healthcare organization John Muir Health. Through the deal
Tenet's San Ramon Regional Medical Center and John Muir Health
will expand to improve the efficiency and coordination of care in
the Tri-Valley area and nearby communities, including San Ramon.
Among other healthcare majors,
Acadia Healthcare Company Inc.
) announced the purchase of Delta Medical Center last month to
enter the Memphis market.
Health Management Associates Inc.
) also declared that one of it's subsidiaries has entered a
partnership agreement with the 480-bed Bayfront Health System,
located in St. Petersburg, FL. Consequently Health Management
will acquire an 80% interest in Bayfront Health System, and
introduce an affiliation with ShandsHealthCare, belonging to
UF&Shands, the University of Florida Academic Health Center.
) acquired South Oakland Anesthesia Associates, P.C. (SOAA) from
Edgemont Capital Partners, L.P. The transaction culminated on Dec
Tenet carries a Zacks Rank #2 (Buy).
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