Dallas-based Tenet Healthcare and Brentwood, Tenn.-based Duke LifePoint Healthcare have entered a definitive agreement for the sale of Tenet's North Carolina hospitals and associated operations.
Duke LifePoint will take over Sanford, N.C.-based Central Carolina Hospital, Hickory, N.C.-based Frye Regional Medical Center and 19 physician practices. Through the agreement, Duke LifePoint will continue the services provided at Central Carolina Hospital and Frye Regional Medical Center. Duke LifePoint will also offer employment to both facilities' employees.
The transaction is expected to be completed between the end of the fourth quarter of 2015 and the middle of the first quarter of 2016. After it is completed, Duke LifePoint will operate 14 hospitals across the nation.