November 19, 1998

Critics Say Charitable Assets Were Lost in Pennsyvania Hospital Deal

By DEBRA E. BLUM

Tenet Healthcare, a California company that owns hospitals around the country, will transfer an estimated $190-million to two new charities as part of a deal to buy a bankrupt chain of non-profit hospitals.

But critics of the deal say that the hospitals -- formerly owned by the Allegheny Health Education and Research Foundation, in Pittsburgh -- had millions more in charitable assets that have now been lost through the for-profit conversion. And

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