Dallas-based Tenet Healthcare Corp. has received government approval to acquire Lakewood IPA, a 400-member independent physician association in California, according to a report in Modern Physician.
The FTC gave the green-light earlier this week, the report said, but the deal has not been publicly announced and sources from both sides declined to comment.
According to Modern Physician, Lakewood IPA is a multi-specialty network of physicians managed by Coast Healthcare Management. The medical group is affiliated with two hospitals in the Lakewood, Calif. area: the 157-bed Lakewood Regional Medical Center, owned by Tenet, and the 420-bed Long Beach Memorial Medical Center, owned by MemorialCare Health System.
Separately, Tenet remains in negotiations to purchase Emanuel Medical Center in Turlock, Calif.
