In May of 2006, Tenet Healthcare agreed to a $21 million dollar agreement with federal officials to settle charges that it used kickback payments to doctors to encourage them to refer patients. As part of the agreement, Tenet unloaded the troubled hospital to two physicians, Drs. Pejman and Pedram Salimpour, who paid $36.5 million for the facility. Since the physicians have acquired Alvarado, the San Diego Tribune reports, the hospital workers' morale has lifted as they no longer have to deal with the fear and suspicion caused by the scandal. They also respect the two brothers who chose to invest in the hospital. But challenges remain for the new owners as they they help the troubled hospital negotiate its way to recovery.
For more details on Alvarado:
- check out this article [1]
Related Articles:
MDs to buy troubled Tenet hospital. Report [2]
Tenet pays $21M to settle Alvarado case. Report [3]
Tenet required to undergo five years of integrity monitoring. Report [4]
Links:
[1] http://www.signonsandiego.com/news/business/20070107-9999-mz1b7darce.html
[2] http://www.fiercehealthcare.com/node/4138
[3] http://www.fiercehealthcare.com/story/tenet-pays-21m-to-settle-alvarado-case/2006-05-17
[4] http://www.fiercehealthcare.com/story/tenet-to-undergo-integrity-monitoring/2006-09-29