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Weekly News Wire | June 7, 2004

Pennsylvania Physicians Group Proposed to Run MCP Hospital

June 7, 2004 Pennsylvania Physicians Group Proposed to Run MCP Hospital On May 17, 2004, Pennsylvania Governor Edward Rendell and U.S. Senator Arlen Specter announced a joint proposal that the physicians of the Medical College of Pennsylvania (MCP) in Philadelphia run the acute-care hospital as a not-for-profit corporation. Both emphasized that the proposal is not a completed transaction and still requires extensive negotiation with current owner Tenet Healthcare Corporation (Tenet). "Since last December when Tenet announced its intention to close MCP Hospital, Senator Specter and I have been working to find an entity willing to continue . . .

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