Tenet Healthcare Corp., Dallas, announced it has signed a definitive agreement to acquire Emanuel Medical Center, Turlock, Calif., for undisclosed terms.
The planned purchase of the Evangelical Covenant Church-affiliated hospital with 209 staffed beds is designed to expand Tenet's integrated healthcare network in California's Central Valley, where the for-profit chain already owns Doctors Medical Center of Modesto and Doctors Hospital of Manteca, according to a news release.
Emanuel Medical Center will remain affiliated with the Evangelical Covenant Church and will keep its faith-based culture and practices, as other church-affiliated Tenet hospitals have done, according to the release.
The deal is subject to customary approvals and closing conditions and is expected to be completed in the second quarter, according to the release.