Florida hospital buying struggling facility
South Florida Sun-Sentinel, February 4, 2008
Ft. Lauderdale, FL-based Holy Cross Hospital is buying one of its main rivals, the financially struggling North Ridge Medical Center in Oakland Park. The Catholic-owned Holy Cross is acquiring the 332-bed North Ridge from Tenet Healthcare Corp. in Dallas. The entities did not disclose a purchase price, saying the transaction must still be approved by state regulators.