US-based healthcare services company Tenet Healthcare has completed its previously announced sale of several hospitals in a deal valued at more than $550m.
The sale involved 374-bed MacNeal Hospital and related operations located in a suburb of Chicago, to Loyola Medicine, an affiliate of Trinity Health.
MacNeal has more than 550 medical staff in 50 specialties, advanced inpatient and outpatient medical, surgical and psychiatric services and advanced diagnostics and treatments.
Tenet also sold its minority interest in Baylor Scott & White Medical Center – White Rock in Dallas to Pipeline Health.
Furthermore, Tenet completed sale of its minority interest in Baylor Scott & White Medical Center – Centennial, as wellas Baylor Scott & White Medical Center – Lake Pointe, to Baylor Scott & White Health.
The company’s minority interest in Baylor Scott & White Medical Center – Sunnyvale was also transferred to Texas Health Ventures Group.
Loyola Medicine’s acquisition of MacNeal Hospital and its affiliated operations from Tenet Healthcare includes Chicago Health System, Chicago Market Laboratories,and some physicians of Chicago Health Medical Group.
Loyola Medicine president and CEO Larry Goldberg said: “We look forward to serving a greater number of patients through our expanded delivery network, thanks to the resources, providers and value-added care made possible by adding MacNeal Hospital and its physicians to our system.”