A holy alliance

Article Abstract:

Jamaica Hospital Medical Center of Queens, NY, will launch its 10th community center on June 1998. The clinic, formed from an alliance with Allen CME Church, will have the capacity to handle 60,000 visits per year. It will have 40 exam rooms and will offer services that range from family medicine to ob/gyne to dentistry and podiatry. Jamaica Hospital's clinic will be manned by two dozen doctors and nurses and is expected to give another 30 support jobs in the neighborhood. According to Edwin Reed, Allen AME's finance officer, the clinic will be used to upgrade the access of care for church members and will be the caregiver of choice for church employees.

Comment:

Will launch its 10th community center on June 1998

New Products/Services, Services information, Jamaica Hospital Medical Center

Tenet bid for Philly hospitals prevails

Article Abstract:

Tenet Healthcare of Santa Barbara, CA, has offered to acquire eight bankrupt hospitals from the troubled Allegheny Health, Education and Research Foundation for $345 million, pending permission from a bankrupty judge. Tenet Healthcare will funnel over $50 million per year for a certain number of years to keep up charity care and upgrade the facilities. Moody's Investors Service expressed optimism about Tenet Healthcare because of its history and dynamic financial status which means it is probably better off than its rivals. Vanguard Corp. of Nashville, TN, was trying to acquire the same properties for $460 million but decided to back off.

Comment:

Has offered to buy eight bankrupt hospitals from Allegheny Health, Education and Research Foundation for $345 million

Tenet Healthcare Corp.

A deal behind every door

Article Abstract:

Brooksville, FL-based Regional Healthcare chose Naples, FL-based Health Management Associates to be its new owner. With $100 million in debt, Regional Healthcare relied on Tom Singleton to be its chief negotiator among the four buyers, Health Management Associates, Santa Barbara, CA-based Tenet Healthcare, Orlando, FL-based Adventist Health System and Brentwood, TN-based Community Healthcare Systems. Singleton, who invited the four buyers to rural Brooksville Regional Hospital, works for Quorom Health Resources, the former manager of Regional Health.

Comment:

Is chosen by Brooksville, FL-based Regional Healthcare to be the latter's new owner

Asset sales & divestitures, General Medical and Surgical Hospitals, General Medical Hospitals, Health Management Associates Inc., Regional Healthcare Inc.