Article Abstract:
The Fox Chase Cancer Center raised $38 million from donors for the new Research Institute for Cancer Prevention which is located at Fox Chase's campus in Northeast Philadelphia.
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Article Abstract:
Vanguard Health Systems, a fledgling hospital operator in Nashville, TN, has offered to acquire nine hospitals in Philadelphia, PA, from the Allegheny health system. Tenet Healthcare Corp. has also indicated interest to buy the facilities Vanguard aims to acquire. Tenet Healthcare is the second-biggest investor-owned hospital operator in the US and is the second-biggest health care firm in the US. The company posted $8.7 billion in revenues in 1997. Meanwhile, Tenet Healthcare has 123 hospitals that employ 112,000 people in 18 states.
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Has offered to acquire nine hospitals in Philadelphia, PA, from the Allegheny health system
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Article Abstract:
Tenet Healthcare (Santa Barbara, CA) bought eight hospitals that made up Allegheny health system's southeastern hospital chain for $345m. To show it's commitment to the area, Tenet Healthcare has assigned a new officer to oversea the facilities. Tenet also staged events to show its commitment to keeping the hospitals open, such as renaming all the hospitals to the names they had prior to becoming part of Allegheny. Staff were also told via a cable link up that Tenet plans to keep all hospitals open. As part of the deal, Drexel University will operate one of the hospitals as part of the University's medical education program. Some concern still exists about retaining care for the poor and uninsured in the area.
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