Deal Gives John Muir 49% Stake in San Ramon Hospital
On Wednesday, John Muir Health -- the Walnut Creek-based not-for-profit health system -- announced a joint venture with Texas-based Tenet Healthcare that gives John Muir a 49% stake in Tenet's San Ramon Regional Medical Center. Under the deal, which is expected to close by March 31, John Muir will invest about $100 million in the San Ramon hospital and collaborate with Tenet to establish outpatient services in neighboring communities.
- "Calif. Not-for-Profit Takes Stake in Tenet Facility" (Kutscher, Modern Healthcare, 1/24).