Tenet Healthcare Corp., Santa Barbara, Calif., has signed a definitive agreement to sell its only hospital in Indiana for undisclosed terms to privately held Leland Medical Centers, Plano, Texas. Leland, a for-profit, expects to complete its purchase of Tenet's 128-bed Winona Memorial Hospital, Indianapolis, by the end of the month. The deal does not require regulatory approval, Leland President Jim McKinney said. Tenet sold 113-bed Garland (Texas) Community Hospital to Leland in October 2001. In addition, the company and about 40 physician partners are building a short-stay hospital in Arlington, Texas. Leland hopes to buy two to four hospitals per year and build one to three hospitals per year, McKinney said. -- by Vince Galloro
Tenet to sell Ind. hospital to small for-profit
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