Tenet completes acquisition of Emanuel Medical Center, names new CEO
08/01/2014 8:02 AM
08/01/2014 8:06 AM
Tenet Healthcare Corporation has completed the acquisition of Turlock’s Emanuel Medical Center, 18 months after the purchase was announced.
Tenet also named a new chief executive officer, Susan Micheletti. She has been chief operating officer since June, 2000 at San Ramon Regional Medical Center.
“We are beginning a new chapter in EMC’s 97-year history, under new ownership and with a new leadership team,” Jeffrey Koury, chief executive officer of Tenet’s Western Region, said in a release issued by the hospital Friday morning. “We believe this is the right time and the right team to take the hospital forward in this challenging healthcare environment while preserving EMC’s historic mission for many more years to come.”
Tenet acquired the 209-bed hospital from Covenant Ministries of Benevolence, a family of Evangelical Covenant Church ministries.
Emanuel’s future has been in question since July, 2012, when officials announced they were seeking a partnership or other change.
“We selected Tenet to be the new owner of Emanuel Medical Center because we wanted to ensure that this vital community asset continues to serve Turlock for many decades to come,” David Dwight, President, Covenant Ministries of Benevolence, said in the release. “We are confident that we are leaving Emanuel Medical Center in good hands and that Tenet will be a dedicated and responsible steward of the hospital.”
We will have more on this story later today.
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