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$131 million price tag for Emanuel hospital in Turlock
Merced Sun-Star

Tenet Healthcare Corp. will pay $131 million to acquire the nonprofit Emanuel Medical Center of Turlock, according to publicly disclosed terms of the sale. In one of the key items, the Dallas-based for-profit hospital chain has agreed to maintain cardiac care, cancer treatment, the emergency department, birthing center, intensive care and other services at Emanuel for at least 10 years. And the deal calls for Tenet to spend $30 million in the next five years on investments in expansion, improved services, equipment and medical staff development.