Tenet hopitals see more patients
Article Abstract:
Tenet Healthcare Corp says it is regaining patients at the 8 Pennsylvania hospitals it acquired from the Allegheny health system. The number of patients, however, is still about 20% below what it was before Allegheny's bankruptcy. Tenet says the 8 hospitals have about 1,511 staffed beds, and are treating about 1060 patients daily. The chain has told investors to expect profits of about $15 million from its Philadelphia operations in the fiscal year ending May 30, 2000. Tenet plans to invest $60 million in the hospitals by the end of the 1999 fiscal year.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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Hospitals brace for insurance increases
Article Abstract:
Industry analysts said that the cost for medical malpractice insurance will increase as much as 100 percent in 2001. Hospitals in the Philadelphia area will see huge rate hikes for insurance coverage that protects them against malpractice claims filed against their physicians.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
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Prudential Insurance is going public
Article Abstract:
Newark, NJ-based Prudential Insurance Company of America has announced that it will restructure itself as a publicly traded firm. Prudential, which has over 11 million life and annuity policyholders, is currently a mutual insurance company.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
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