Ochsner Announces Agreement To Purchase Three New Orleans Hospitals

New Orleans, LA - Ochsner Health System recently announced an agreement to purchase three New Orleans hospitals from Tenet Healthcare Corporation:

• Kenner Regional Medical Center, Kenner, LA
• Meadowcrest Hospital, Gretna, LA
• Memorial Medical Center, New Orleans, LA; New Orleans Surgery and Heart Institute (NOSHI)

opening Fall 2006.

Citigroup Corporate and Investment Banking served as legal and mergers and acquisition advisors to Ochsner. Other advisors included Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P. and PricewaterhouseCoopers.

SOURCE: Ochsner Health System