Tenet Healthcare Wants To Maintain Lease On Desert Regional Medical Center
While Tenet's lease extends through June 2027, interested parties are in the early stages of determining who will run the Palm Springs hospital next.
The Desert Sun:
Tenet Looks To Extend Lease On Palm Springs Hospital
In 1996, with Desert Hospital in Palm Springs losing $5 million a year, its overseers went searching for a lifeline. They grabbed one offered by Tenet Healthcare, the corporation that remains one of the country's largest hospital chains. Hospital and Tenet officials inked a 30-year deal allowing the company to lease and operate the hospital in exchange for up-front rent that more than covered the hospital's debts. (Newkirk, 4/5)