CHOP to leave San Antonio partnership
The Children's Hospital of Philadelphia is withdrawing from a partnership to build and operate a $350 million children's hospital in San Antonio.
CHOP's partners in the proposed deal were the University of Texas Health Science Center and the Baptist Health System, which is owned by the for-profit Vanguard Health Systems. The already complex deal in San Antonio was made even more complicated by Vanguard's decision last month to sell out to Tenet Healthcare Corp., which owns St. Christopher's Hospital for Children in Philadelphia.
CHOP said in a statement that the acquisition of Vanguard by Tenet, with which CHOP competes in Philadelphia, raised "ethical and practical obstacles" to the partnership, so it was withdrawing under terms of the agreement.
In fast-growing San Antonio, CHOP was expected to help run the new facility and to build a pediatric care network similar to the one it has in the Philadelphia region. - Harold Brubaker