• NEWS
    • INVESTIGATIVE NEWS
    • CRIME
    • POLITICS
    • Coronavirus Live Updates
    • LIVE
    • Archive
  • LIFE & SOCIAL
    • Lost Pets
    • Obituaries
    • Events & Entertainment
  • ENTERTAINMENT
  • COMMUNITY FORUM
  • BUSINESS DIRECTORY
  • SHOP
    • Advertise with Us
    • Advertising Options
  • LOGIN
    • My Profile
    • My account
    • Subscribe
  • ABOUT US
    • Contact Us
Wednesday, February 24, 2021
Register
Login
No Result
View All Result
TurlockCityNews.com
COVID-19 News Updates
No Result
View All Result
TurlockCityNews.com
No Result
View All Result
Home Life & Social

Tenet Completes $131 Million Acquisition of Emanuel

by Brandon McMillan - brandon@turlockcitynews.com
August 2, 2014
in Life & Social
0 0
0
TurlockCityNews.com
Share on FacebookShare on Twitter

Tenet Healthcare Corporation announced Friday morning that the acquisition of the 209-bed Emanuel Medical Center has been completed and Susan Micheletti has been appointed as the hospital’s new Chief Executive Officer.

Friday’s announcement comes nearly a year and a half after the sale of EMC to Tenet was first announced on Feb. 21, 2013. In May 2013, documents filed with the State Attorney General’s Office showed Tenet purchasing EMC for $131 million — the price when the sale was finally approved in January 2014 and when the sale was completed Friday.

“We are beginning a new chapter in EMC’s 97-year history, under new ownership and with a new leadership team,” said Jeffrey Koury, CEO, Tenet’s Western Region. “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.”

ADVERTISEMENT

Despite the new chapter, newly named EMC CEO Susan Micheletti doesn’t expect the hospital to change too much, only to continue to grow.

“I don’t think there will be a lot of change,” said Micheletti. “I think there’s a really healthy culture here.”

As part of the purchase agreement, Tenet must continue to offer the same services as EMC for at least the next 10 years, according to Koury, including the cancer center and emergency room.

EMC announced in June that most, if not all, EMC employees were expected to be hired by Tenet, with salaries remaining the same. Micheletti confirmed this on Friday.

“We’ve transitioned most of the employees over to Tenet,” said Micheletti. “We have some other affiliated partners that also hired some of the staff business office functions and IT related functions as well as material management. All persons have been retained either by Tenet or one of our partner organizations."

Tenet, which owns Doctors Medical Center of Modesto and Doctors Hospital of Manteca, acquired EMC from Covenant Ministries of Benevolence, a family of Evangelical Covenant Church ministries.

“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,” said David Dwight, President, Covenant Ministries of Benevolence. “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.” 

Tags: CompletedDoctorsEmanuelHospitalMedical CenterPurchaseTenetTurlock
Previous Post

TID Chief Dam Engineer Wins National Award

Next Post

Around Turlock – August 1

Next Post
Submitted/TurlockCityNews.com

Around Turlock - August 1

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Comments

  • 안전카지노 on Kaepernick Loses in Semifinals of Madden Cover Vote
  • koi cbd zen on THS Class of 2014 Looks to Build On Experiences
  • Lamadrid on Subject Found in Shoplifter’s Vehicle with Meth, Both Arrested
  • film on Harder Campaign Denies Alleged Slander Against Howze, But There’s a Recording

Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

TURLOCK CITY NEWS APP

SUBSCRIPTIONS

Start a Subscription

LEARN MORE

About Us

Contact Us

News Home

Archives

ADVERTISING

Advertising Information

Place Obituary or Lost Pet

Post Business Directory Listing

Place a Online Ad

© 2021 TurlockCityNews.com | Anything & Everything Turlock

No Result
View All Result
  • Subscribe
    • Advertise with Us
  • Login
  • Home
  • News
    • Coronavirus Live Updates
  • Life & Social
  • Crime
  • Around Turlock
  • Events & Entertainment
  • Obituaries
  • Lost Pets
  • Job Watch
  • Campus News
  • Local Vocals
  • Investigative News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In