DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today provided an update on its
divestiture program and the completion of several previously announced
transactions, including:
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The sale of MacNeal Hospital and related operations, which are located
in a suburb of Chicago, to Loyola Medicine, an affiliate of Trinity
Health;
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The sale of Tenet’s minority interest in Baylor Scott & White Medical
Center – White Rock, which is located in Dallas, to Pipeline Health,
LLC;
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The sale of Tenet’s minority interest in Baylor Scott & White Medical
Center – Centennial and Baylor Scott & White Medical Center – Lake
Pointe, which are both located in the greater Dallas area, to Baylor
Scott & White Health; and,
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The transfer of Tenet’s minority interest in Baylor Scott & White
Medical Center – Sunnyvale, which is located in the greater Dallas
area, to Texas Health Ventures Group, an existing joint venture
between Tenet’s United Surgical Partners International subsidiary and
Baylor Scott & White Health.
Tenet has received over $550 million of cash proceeds in the first
quarter of 2018 from the transactions listed above, and from the sale of
two hospitals and related operations in Philadelphia.
Tenet Healthcare Corporation is a diversified healthcare services
company with approximately 115,000 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 general acute care and
specialty hospitals, ambulatory surgery centers, urgent care centers and
other outpatient facilities in the United States and 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.
