Business Services Industry
Tenet Announces Pediatric Program Affiliation at St. Christopher's Hospital for Children
Business Wire, Oct 25, 2007
St. Christopher's Affiliates with Temple University Health System
DALLAS -- Tenet Healthcare Corporation (NYSE:THC) announced today a 25-year affiliation agreement between St. Christopher's Hospital for Children and Temple University Health System. St. Christopher's, an 170-bed acute care hospital located in Philadelphia, will treat Temple University Children's Medical Center's inpatient pediatric and outpatient care patients. As part of the agreement, Temple University School of Medicine will conduct its clinical training program in pediatrics at St. Christopher's. Financial terms were not disclosed.
"We are delighted with this new affiliation with Temple University School of Medicine," said Stephen L. Newman, M.D., Tenet's chief operating officer. "The affiliation strengthens the educational environment at St. Christopher's and provides expanded clinical care for teaching medical students and residents. We look forward to working with Temple. St. Christopher's Hospital for Children will remain the primary pediatric education partner for Drexel University College of Medicine as we continue to provide quality medical education for tomorrow's pediatric specialists."
The company has been working with Temple for the past several months to complete this affiliation. As a result of the agreement, St. Christopher's will undergo a physical expansion that includes adding 18 additional beds and two new operating room suites at a cost of $3.5 million to accommodate caring for approximately 2,500 additional inpatient admissions and 1,500 outpatient visits.
In a separate but related move, St. Christopher's Hospital for Children also signed an agreement that extended its current affiliation with Drexel University College of Medicine through 2037.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related health care services. Tenet's hospitals aim to provide the best possible care to every patient who comes through their doors, with a clear focus on quality and service. Tenet can be found on the World Wide Web at www.tenethealth.com.
Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2006, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
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