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BUSINESS
May 25, 1995 | Times Staff and Wire Reports
Tenet Agrees to Sell Asian, Australian Units: Tenet Healthcare Corp., formerly National Medical Enterprises, said it signed a definitive agreement to sell its Asian hospitals to Parkway Holdings Ltd., a Singapore-based holding company, for about $415 million. The Santa Monica-based firm said it also reached an agreement in principle for Parkway to buy Tenet's Australian holdings.
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BUSINESS
May 25, 1995 | Times Staff and Wire Reports
Tenet Agrees to Sell Asian, Australian Units: Tenet Healthcare Corp., formerly National Medical Enterprises, said it signed a definitive agreement to sell its Asian hospitals to Parkway Holdings Ltd., a Singapore-based holding company, for about $415 million. The Santa Monica-based firm said it also reached an agreement in principle for Parkway to buy Tenet's Australian holdings.
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BUSINESS
July 25, 1994 | From Times Staff and Wire Reports
When National Medical Enterprises reports its fourth-quarter financial results Thursday, it will also disclose the cost of its recently announced restructuring. The Santa Monica-based hospital company is dismissing 200 employees and eliminating another 40 unfilled jobs as part of a cost-reduction program that will slash expenses by $32 million a year. One item that escaped the cost cutting: National Medical's spiffy 12-passenger Gulfstream IV corporate jet, which sells for more than $25 million.
BUSINESS
March 22, 1986 | JUBE SHIVER Jr., Times Staff Writer
Despite an increase in revenue, American Medical International has reported its first quarterly loss in 25 years as a public company. The loss came as a result of $175 million in write-downs in its second quarter. The health-care concern, based in Beverly Hills, had record revenue of $862 million but reported a loss of $82.2 million for the second quarter ended Feb. 28. By comparison, AMI had earnings of $42.8 million on revenue of $649 million for the same period a year ago.
TRAVEL
July 12, 1987 | SHARON DIRLAM, Times Staff Writer
On Ash Wednesday, 1983, fire burned out of control over miles of the Adelaide Hills, consuming brush and forests, homes and mansions, leaving in its wake ashes, lost fortunes and broken dreams. In one disastrous day the elegant Mount Lofty House, built in 1852, was reduced to a charred shell of solid hand-hewn rock walls, a pile of rubble amid 15 acres of blackened trees and gardens.
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