Tenet acquired both acute care facilities from the bankrupt Allegheny Health System in 1998 as part of an eight-property portfolio for an aggregate $345 million. Parkview is the second in the portfolio to be shuttered. In 2000, Tenet closed City Avenue Hospital here.
A year ago, however, it added the 125-bed Roxborough Memorial medical center here to its Pennsylvania portfolio. With the closing of Parkview and the projected sale of Elkins Park, that portfolio will contain six hospital facilities, all in the Greater Philadelphia MSA.
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