Tenet subsidiary to close hospital
Tenet Healthcare (Dallas) said that a company subsidiary plans to close Community Hospital of Los Gatos (CHLG), California, including its emergency room, on April 10. As required by state law, the Tenet subsidiary is providing 90 days notice to local and state authorities.
HCP, a real estate investment trust located in Long Beach, owns the real estate and certain other assets of CHLG. Tenet previously announced its intention to allow its lease at CHLG to expire in May.
On Dec. 17, El Camino Hospital reported that it had entered into an agreement to acquire the real estate and certain other assets of CHLG. HCP subsequently advised Tenet that it no longer required that the hospital be operational at the expiration of Tenet's lease. This closure will ensure that Tenet takes the appropriate measures to prepare the property for the ownership change.
Thermage changes name to Solta Medical
Thermage (Hayward, California) has changed its corporate name to Solta Medical. The company will begin trading under the symbol "SLTM."
"The name and ticker symbol changes are a great start to the New Year and a key milestone in the integration of the acquisition of Reliant Technologies Inc. The new company combines the industry's two leading brands, Thermage and Fraxel, under a new corporate name that will now form a global leader in aesthetic energy devices," said Stephen Fanning, chairman/president/CEO.
He added, "Solta Medical will focus on providing superior anti-aging solutions for patients and physicians by offering the gold standard' of care for tightening, contouring and resurfacing of the skin with Thermage and Fraxel treatments."