Cedars-Sinai Medical Center in Los Angeles has signed a letter of intent to lease nearby Century City Hospital and Midway Hospital Medical Center from Tenet Healthcare Corp., a union representing Midway employees said Friday.
A Tenet official confirmed negotiations are under way but said they aren't complete. Cedars declined comment.
Tom O'Connor, spokesman for Local 399 of the Service Employees International Union, said Cedars will lease Midway and Century City for 20 years from Santa Barbara, Calif.-based Tenet. The names of 135-bed Century City and 225-bed Midway would be changed to incorporate the Cedars name, he added.
Job shifts are expected to occur at Midway, O'Connor said, although he didn't know the magnitude. The SEIU represents about 400 Midway employees; it doesn't represent anyone at Century City.
Cedars, a 1,012-bed not-for-profit powerhouse in Los Angeles, has been feeling pressure in recent years from competitors. Those include University of California Los Angeles Medical Center, which has formed a regional network on the city's west side.
In another development, University of California Irvine Medical Center in Orange agreed to end negotiations to lease the 462-bed hospital to Tenet. UCI said additional state funding improved the hospital's financial outlook.
Meanwhile, the merger of University of California San Francisco Medical Center and Stanford University's hospitals and clinics was completed Friday in a 12-4 vote by the UC Board of Regents. Two regents abstained.
The merger brings together 290-bed UCSF Mount Zion Medical Center, 478-bed Stanford (Calif.) University Hospital, 162-bed Lucile Salter Packard Children's Hospital at Stanford in Palo Alto and the clinical practices of the medical school facilities.
The new organization, known as UCSF Stanford Health Care, begins operations Nov. 1.