"Novant Finalizes $2.4B Acquisition of Four Southern California Hospitals from Tenet Healthcare"

UCI Health, the clinical enterprise of UC Irvine, has reached a definitive agreement to acquire Tenet Healthcare Corporation's Pacific Coast Network, including four hospitals in Southern California. This acquisition aims to expand access to premier healthcare for Orange County and beyond, reinforcing UCI's position among the nation's leading academic health systems. Pending regulatory approvals, the transaction is expected to be completed in spring 2024, allowing more patients to access advanced therapies and a diverse portfolio of clinical trials.