Capital Finance
Cordis had $780 million in sales in 2014, with about 70 percent coming from outside the U.S.
The health system said in a statement that it was never able to turn a profit on the $30 million acquisition of South Hampton Hospital in 2012.
Prebys Cardiovascular Institute on the campus of Scripps Memorial Hospital La Jolla included state-of-the-art upgrades.
Inpatient admissions increased 2.4 percent year-over-year across Tenet's 80 hospitals and 200 outpatient sites.
The money will support companies that graduate from the Illumina Accelerator, a program that funds new healthcare companies and product ideas.
Suit claims that the SEIU tried to thwart the $843 million acquisition agreement with Prime Healthcare Services, by conspiring with rival takeover bidder Blue Wolf Capital Partners.
Healthcare Solutions services the workers' compensation market.
In total, the deal is expected to boost the company's revenue to nearly $600 million a year and gives the company a total of 230 branches across 15 states.
Move comes as state ties payment to the size of patient populations covered by health networks.
"You have to match the growth rate to the decline in the utilization rate," says Chief Financial Officer Timothy O'Connor.