Baylor Scott & White Health and Tenet Complete Joint Venture to Own Five North Texas Hospitals

Monday, January 4, 2016 10:00 am CST

Dateline:

DALLAS

Public Company Information:

NYSE:
THC
"Together, we will advance and strengthen the population health model in the greater Dallas area by creating a strong network to improve the wellbeing of people in our communities"

DALLAS--(BUSINESS WIRE)--Baylor Scott & White Health and Tenet Healthcare Corporation (NYSE:THC) have completed the previously announced joint venture to own five hospitals in North Texas. The facilities included are Centennial Medical Center in Frisco, Doctors Hospital at White Rock Lake in Dallas, Lake Pointe Medical Center in Rowlett, Texas Regional Medical Center at Sunnyvale and Baylor Scott & White Medical Center – Garland.

“Together, we will advance and strengthen the population health model in the greater Dallas area by creating a strong network to improve the wellbeing of people in our communities,” said Joel Allison, CEO of Baylor Scott & White Health.

Centennial Medical Center, Doctors Hospital at White Rock Lake, Lake Pointe Medical Center and Texas Regional Medical Center at Sunnyvale will transition to Baylor Scott & White Health branding as early as the spring of 2016. Additionally, physicians, advanced practice providers and other employees of Tenet’s North Texas physician group will transition to Baylor Scott & White Health’s physician group, HealthTexas Provider Network (HTPN).

“We have already made meaningful progress in advancing population health through our physicians’ participation in the Baylor Scott & White Quality Alliance, a leading local accountable care organization, and the completion of this joint venture is an important next step in coordinating top-quality, value-based care in North Texas,” said Trevor Fetter, chairman and CEO of Tenet Healthcare.

About Tenet Healthcare

Tenet Healthcare Corporation is a diversified healthcare services company with more than 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International (USPI), the company operates 84 general acute care hospitals, 20 short-stay surgical hospitals and over 470 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks (IDN), physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.

The terms "THC", "Tenet Healthcare Corporation", "the company", "we", "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

About Baylor Scott & White Health

Baylor Scott & White Health, formed from the 2013 merger between Baylor Health Care System and Scott & White Healthcare, is today the largest not-for-profit health care system in the state of Texas. With total assets of $9 billion* and serving a population larger than the state of Virginia, Baylor Scott & White Health has the vision and resources to provide its patients continued quality care while creating a model system for a dramatically changing health care environment. The organization now includes 49 hospitals, more than 800 access points, more than 5,800 active physicians, 35,000 employees and the Scott & White Health Plan and Baylor Scott & White Quality Alliance, a network of clinical providers and facilities focused on improving quality, managing the health of patient populations, and reducing the overall cost of care. For more information visit: www.BaylorScottandWhite.com.

* based on 2014 fiscal year statements

Tenet uses its company website to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.

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Contact:

Tenet Healthcare Corporation
Corporate Communications:
Charles Nicolas, 469-893-2640
mediarelations@tenethealth.com
or
Investor Relations:
Brendan Strong, 469-893-6992
investorrelations@tenethealth.com
or
Baylor Scott & White Health
Nikki Mitchell, 214-517-4326
Nikki.Mitchell@BSWHealth.org