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It sounds like the lawsuit filed ...

Posted Nov 10 2008 4:19pm

It sounds like the lawsuit filed to terminate relations with Tenet has worked..BD 

NEW YORK (AP) - Analysts agreed Tuesday that Tenet Healthcare's decision to end its relationship with the University of Southern California will eliminate a major distraction for the hospital operator.

On Monday, Dallas-based Tenet Healthcare Corp. said it tentatively agreed to sell the 411-bed USC University Hospital and 60-bed USC Norris Cancer Hospital to USC for an undisclosed sum.

The deal would end a long-standing dispute between the company and the school — USC had filed a lawsuit in August 2006 seeking to terminate its relationship with Tenet, and last November Tenet filed a counterclaim. USC physicians had complained Tenet wasn't investing enough capital resources at the hospital, and in protest the physicians sent referrals to other hospitals.

Tenet Healthcare shares edge higher on deal to sell disputed hospitals to USC | Markets | Market News | Canadian Business Online

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