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Tenet Subsidiary to Close Community Hospital of Los Gatos

^{Published on 2009-01-08 13:56:22, Last Modified on 2009-01-08 13:56:58 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Tenet Healthcare Corporation (NYSE: THC) today announced that a company subsidiary plans to close Community Hospital of Los Gatos (CHLG), including its emergency room, on April 10, 2009. As required by state law, the Tenet subsidiary is providing 90 days notice to local and state authorities.

HCP, Inc., a real estate investment trust located in Long Beach, Calif., owns the real estate and certain other assets of CHLG. Tenet previously announced its intention to allow its lease at CHLG to expire in May 2009. On December 17, 2008, El Camino Hospital announced that it had entered into an agreement to acquire the real estate and certain other assets of CHLG. HCP subsequently advised Tenet that it no longer required that the hospital be operational at the expiration of Tenet's lease. This closure will ensure that Tenet takes the appropriate measures to prepare the property for the ownership change.

Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at [ www.tenethealth.com ].

Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2007, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.