DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE:THC) announced today that it has
reached a definitive agreement with Loyola Medicine (“Loyola”), an
affiliate of Trinity Health, under which Loyola will purchase MacNeal
Hospital – which is located in a suburb of Chicago – as well as other
operations affiliated with the hospital. The affiliated operations
include local Tenet-owned physician practices; the Chicago Health System
(“CHS”), an independent practice association of nearly 1,000 physicians;
and the associated CHS accountable care organization. Under the terms of
the agreement, MacNeal and these related operations will be added to the
Loyola Medicine regional health system, which serves the west, south and
southwest suburbs of Chicago.
The transaction is expected to be completed in the first quarter of
2018, subject to regulatory approvals and customary closing conditions.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services
company with nearly 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, the company operates 77 general acute care hospitals, 20
short-stay surgical hospitals and over 460 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, 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.
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year ended December 31, 2016 and other filings with the Securities and
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