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Business, regional

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Tenet Healthcare to sell 27 hospitals, aiming to enhance long-term growth

Article Abstract:

Tenet Healthcare Corp. announced its second major restructuring in less than a year with the proposed sale of 27 hospitals, including 19 in its core California market in 2004. The company believes that the sale would make it stronger and provide better prospects for long-term growth but acknowledged that it did not expect to meet its long-term financial performance goals in 2004 and 2005.

Author: Goldstein, Josh
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
HEALTH SERVICES, Health care industry, Company restructuring/company reorganization, Reorganization and restructuring, Tenet Healthcare Corp., Company organization

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Genesis Health: Chapter 11 Filing

Article Abstract:

Kennett Square, Penn.-based Genesis Health Ventures Inc. has announced it has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware. Genesis Health, which reported $1.5 billion in debts, is the fifth-largest nursing home company in the United States with 311 facilities in 15 states.

Author: Goldstein, Josh
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000

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Genesis submits plan to reorganize

Article Abstract:

Genesis Health Ventures Inc. files a plan for reorganization with the U.S. Bankruptcy Court for Delaware, which includes its plan to merge with Multicare Companies Inc.

Author: Goldstein, Josh
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
Multicare Companies Inc., MLTI

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Subjects list: United States, Nursing homes, Genesis Health Ventures Inc., GHV
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