With the impending completion of the Tenet Healthcare Corporation acquisition of Emanuel Medical Center expected to be completed by July 31, nearly all, if not all of the approximately 1,130 employees will keep their jobs during the turnover.
Emanuel Medical Center CEO John Sigsbury confirmed the continued employment in a letter to Stanislaus County District 2 Supervisor Vito Chiesa.
“It is expected that most, if not all, of the affected employees will be offered employment by Tenet such as they will not experience any period of unemployment in connection with the acquisition,” Sigsbury wrote in the letter.
On July 31, all EMC employees will be separated from EMC and all employees in good standing will then essentially be immediately hired under normal hiring practices by Tenet.
According to EMC Spokesperson Pennie Rorex, “the salaries for all Emanuel employees transitioning to Tenet will remain the same as current.”
Tenet owns both Doctors Medical Centers in Modesto and Manteca and the initial purchase price for EMC was agreed upon in February 2013 for $131 million.
As part of the purchase, Tenet, for at least the next five years must continue to offer the same services at EMC, including the cancer center and emergency room.