Tenet Healthcare Corp., Dallas, said it signed a definitive agreement to sell 283-bed Brotman Medical Center, Culver City, Calif., to an investment group that is led by Prospect Medical Holdings and includes some Brotman physicians and local investors. Prospect, also based in Culver City, provides management services, mostly to independent practice associations. Tenet said it expects to close the deal by July 31 and to see an after-tax net gain of $27 million. Brotman was on a list of 27 hospitals that Tenet slated for divestiture in January 2004; 22 of those hospitals have been sold. Tenet owns or operates 69 core hospitals and five others, including Brotman. -- by Vince Galloro
Tenet to sell Calif. hospital to investment group
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