Tenet Healthcare To Sell North Carolina Hospitals To Duke LifePoint

(RTTNews) - Hospital operator Tenet Healthcare Corp. (THC) has agreed to sell its North Carolina hospitals and related operations to Duke LifePoint Healthcare, the two companies said Tuesday. Financial terms of the deal were not disclosed.

Duke LifePoint Healthcare is a joint venture of Duke University Health System, Inc. and LifePoint Health Inc. (LPNT).

The facilities included in the sale are the 137-bed Central Carolina Hospital in Sanford and the 355-bed Frye Regional Medical Center in Hickory, as well as 19 physician practices. The transaction is expected to be completed between late in the fourth quarter to middle of the first quarter.

Under the terms of the definitive agreement, Duke LifePoint will maintain all services currently provided at Central Carolina Hospital and Frye Regional Medical Center, and will offer employment to all employees of the hospitals, subject to standard pre-employment screenings.