USC buys two disputed Tenet hospitals

The University of Southern California has agreed to pay Tenet Healthcare Corp. $275 million to acquire USC University Hospital and USC Kenneth Norris Jr. Cancer Hospital. Tenet said USC had agreed to retain the 1,600 current employees. The two hospitals, located on USC's health sciences campus in Los Angeles, include 471 inpatient beds. The deal puts an end to a bitter dispute between Tenet and USC over control of the hospitals.