News Headlines Article

Calif. not-for-profit takes stake in Tenet facility
Modern Healthcare

John Muir Health, Walnut Creek, Calif., has formed a joint venture with Tenet Healthcare Corp. that will give the not-for-profit system a 49% stake in Tenet’s San Ramon (Calif.) Regional Medical Center.

John Muir, which has three hospitals and a number of outpatient and urgent-care centers in the San Francisco Bay area, will invest about $100 million in the 123-bed facility in a deal that’s expected to close by March 31. Other terms were not disclosed.