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February 1, 2024

Saint Vincent parent company sells four California hospitals

Photo | Grant Welker Saint Vincent Hospital in Worcester

Tenet Healthcare Corp., the Texas-based, for-profit healthcare services company that owns Saint Vincent Hospital in Worcester, has entered into a definitive agreement to sell four hospitals that the company operates in Southern California.

Tenet has agreed to sell the hospitals to UCI Health, the clinical enterprise of the University of California, Irvine, according to a press release issued by UCI Health on Thursday. The deal will see UCI Health acquire four hospitals in Lakewood, Los Alamitos, Fountain Valley and Placentia, along with outpatient service locations that are associated with those hospitals.

The terms of the deal, which will still need to be approved by California regulators, were not disclosed.

"These four hospitals are well-regarded in their communities for providing high-quality, compassionate care," Saum Sutaria, chairman and CEO of Tenet Healthcare, said in the release. "The local communities will benefit from the nationally recognized advancements, medical knowledge, research, and community focus that UCI Health brings as an innovative academic health system. UCI Health recognizes a unique opportunity to build on the quality care already being delivered in the communities served by the Pacific Coast Network."

Tenet sold three South Carolina hospitals in November to Novant Health, a non-profit hospital system based in North Carolina, according to a press release issued by Tenet at that time. 

Tenet operates 480 surgery centers and surgical hospitals, 61 hospitals and approximately 110 additional outpatient centers and other healthcare facilities, according to the company’s website.

The announcement of this pending transaction came after a Tuesday announcement from the Massachusetts Nursing Association which claimed that nurses at Saint Vincent have filed over 600 complaints to state and federal regulators regarding conditions at the hospital. 

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