DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE:THC) and WellStar Health System have
entered into a definitive agreement for the sale and management of
Tenet’s five Atlanta-area hospitals. The transaction is subject to
customary regulatory approvals and other closing conditions and is
expected to be completed as early as the first quarter of 2016.
“We are pleased that our hospitals will join a leading regional
healthcare network like WellStar,” said Keith Pitts, vice chairman of
Tenet. “This agreement will better position these facilities for
long-term success, benefiting all stakeholders.”
The hospitals included in the sale are Atlanta Medical Center and its
South Campus, North Fulton Hospital, Spalding Regional Hospital and
Sylvan Grove Hospital, as well as 26 physician clinics.
“WellStar plays a pivotal role in the health of our community,” said
Candice Saunders, president and chief executive officer of WellStar
Health System. “With the addition of Tenet’s metro Atlanta hospitals, we
will be better able to provide world-class healthcare to our patients
for years to come.”
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 87 general acute care
hospitals, 20 short-stay surgical hospitals and over 440 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.
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