For-profit hospitals losing ground

Article Abstract:

The national health care industry, which has seen a number of for-profit hospitals run into financial problems in recent years, is struggling with the debate over issues of quality-of-care versus bottom-line concerns. The agreement by Tenet Healthcare to acquire eight bankrupt Allegheny Health Systems hospitals has brought the ongoing debate into regional focus. Industry analysts, who have noted that $1 trillion was spent on health care in the US in 1997, claim that the government and insurance industry pressure to limit cost increases has hurt hospitals profit margin and slowed spending.

Comment:

Tenet Healthcare Corp.'s acquisition of 8 Allegheny Health Systems hospitals spurs debate over health care quality and profit

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Tenet aims for a deal with state

Article Abstract:

Tenet Healthcare Corp. is negotiating with the Pennsylvania Attorney General's Office over its planned purchase of eight troubled Allegheny hospitals, which are owned by the bankrupt Allegheny Health Systems. Tenant, which has offered $345 million for the hospitals, also will obtain portions of Allegheny's charitable assets. Industry analysts have said that Allegheny, which currently is operating with a $100 million emergency loan, may be forced to shut down its operations if funding runs out.

Comment:

Tenet Healthcare Corp. is negotiating with the Pennsylvania Attorney General's Office to buy eight Allegheny hospitals

United States

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