Advertisement

HEALTH

Share
<i> Times Staff and Wire Reports</i>

NME Renames Newly Merged Company, to Cut Jobs: National Medical Enterprises changed its name to Tenet Healthcare Corp. after completing a $3.3-billion acquisition of American Medical Holdings and said it will eliminate 330 jobs at the new company. Tenet officials said the company will cut 240 jobs at its Santa Monica headquarters and eliminate 40 positions at the Dallas offices of the former American Medical. About 60 people who work in Santa Monica will transfer to Dallas. The cuts represent about a third of an expected $60 million in cost savings from the consolidation of the two companies. The merger makes Tenet the country’s second-largest publicly owned health care company, with 68,000 employees, 83 general acute-care hospitals in 13 states and revenue of about $5.1 billion.

Advertisement