Tenet Healthcare Corp., Dallas, completed the sale of 291-bed Alvarado Hospital Medical Center, San Diego, to Plymouth Health, Sherman Oaks, Calif., for pre-tax proceeds of $22.5 million. Plymouth will continue to operate Alvarado as a full-service, acute-care hospital. Tenet was required to sell the hospital as part of a $21 million settlement with the federal government to resolve criminal charges related to physician-relocation agreements at Alvarado. The settlement came after two mistrials in the case. Plymouth was formed to buy Alvarado and is led by two physicians who are also brothers, Pedram and Pejman Salimpour. The Salimpours also own CareNex Health Services, Sherman Oaks, which provides disease-management, business-process and patient-physician communication services. Tenet owns or operates 63 hospitals, including six held for sale, in 12 states. -- by Vince Galloro
Tenet sells Alvarado, as ordered
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