New company eyes buying Tenet facilities

Another investor-owned company is joining the chase to acquire hospitals. The new company, Integrated Healthcare Holdings, said it is pursuing financially distressed and underperforming hospitals and is specifically exploring the hospitals that Tenet Healthcare Corp. has for sale. Integrated is led by Chief Executive Officer Bruce Mogel, who was executive vice president of operations at Doctors Community Healthcare Corp., from 1999 through 2002. Mogel held management jobs in other industries before his stint at Doctors Community. Larry Anderson, a lawyer who was general counsel for investor-owned Alta Healthcare, Los Angeles, is the company's president. Anderson spent 32 years at the U.S. Postal Service, retiring as a vice president. The chief financial officer is James Ligon, who has more than thirty years of hospital experience in California. Ligon has worked for investor-owned companies that include American Medical International, HealthTrust and Pacific Health. Integrated is based in Costa Mesa, Calif. -- by Vince Galloro