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USC takes Tenet to court; Trojans fighting for ownership of hospital.
Publication:
Modern Healthcare
Publication Date: 28-AUG-06 |
Format: Online
Delivery: Immediate Online Access |
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Full Article Title: USC takes Tenet to court; Trojans fighting for ownership of hospital.(Tenet Healthcare Corp.)(University of Southern California) |
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Article Excerpt
Byline: Vince Galloro
Tenet Healthcare Corp. and the University of Southern California are fighting over more than just a hospital that does nearly $280 million per year in net patient revenue. The battle over the future of USC University Hospital, Los Angeles, landed in court last week when USC asked a judge to force Tenet to sell the hospital to the university.
To Tenet, the USC lawsuit was a slap in the face. Tenet built the hospital, which opened in 1991, and has invested $229 million in the hospital in the past five years, including $150 million in a 10-story patient tower scheduled to open in the next few months, Tenet spokesman Harry Anderson said. The company even bought operations of the USC Norris Comprehensive Cancer Center and Hospital from the university at its behest in 2003, Anderson added.
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