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Cancer
Tenet and the University of Southern California Reach Tentative Agreement Regarding USC University Hospital and USC Norris Cancer Hospital
May 3rd, 2008
Tenet Healthcare Corporation (NYSE: THC) and the University of Southern California announced they have signed a non-binding letter of intent for the University to acquire USC University Hospital and USC Norris Cancer Hospital, both located in Los Angeles. Financial terms were not disclosed. A lawsuit was filed by the University of Southern California in August 2006 seeking to terminate the relationship between USC and Tenet. In November 2007, Tenet filed a counterclaim against the University seeking monetary damages. The parties seek to resolve the lawsuit by reaching agreement on sale terms for these two hospitals. "USC is committed to working on an...
Source: Law & Health Weekly (2008-05-03)
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