DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today issued the following
statement:
On January 21, 2018, the Tenet Board amended the Company’s bylaws to
provide shareholders representing a majority of the Company shares with
the ability to call a special meeting. These amendments demonstrate
Tenet’s continued commitment to strong governance, and provide a clear
process for shareholders to decide on company matters that are important
to all shareholders. We are committed to continuing to enhance our
corporate governance practices.
Today, we received a proposal made by Glenview Capital to amend the
Company’s bylaws to include a provision that would allow shareholders to
act by written consent. The Company is reviewing the submission. We will
make a recommendation to shareholders in due course. Tenet shareholders
are not required to take any action at this time.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services
company with 120,000 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.
This release contains “forward-looking statements” – that is, statements
that relate to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance and financial condition, and often contain
words such as “expect,” “assume,” “anticipate,” “intend,” “plan,”
“believe,” “seek,” “see,” or “will.” Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
Particular uncertainties that could cause our actual results to be
materially different than those expressed in our forward-looking
statements include, but are not limited to, the factors disclosed under
“Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the
year ended December 31, 2016, Form 10-Q for the quarterly period ended
September 30, 2017 and other filings with the Securities and Exchange
Commission.
Additional Information and Where to Find It
The Company intends to file a proxy statement with the U.S. Securities
and Exchange Commission (the “SEC”) with respect to the Company’s 2018
Annual Meeting of Shareholders. THE COMPANY’S SHAREHOLDERS ARE STRONGLY
ENCOURAGED TO READ ANY SUCH PROXY STATEMENT, THE ACCOMPANYING PROXY CARD
AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
The Company’s shareholders will be able to obtain any proxy statement,
any amendments or supplements to the proxy statement and other documents
filed by the Company with the SEC free of charge at the SEC’s website at www.sec.gov.
Copies will also be available free of charge at the Company’s website at www.tenethealth.com.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers may be
deemed to be participants in the solicitation of proxies from the
Company’s shareholders in connection with the matters to be considered
at the Company’s 2018 Annual Meeting of Shareholders. Information about
the Company’s directors and executive officers is available in the
Company’s proxy statement filed with the SEC on March 24, 2017 with
respect to the Company’s 2017 Annual Meeting of Shareholders and, with
respect to directors and executive officers appointed following such
date, in certain of the Company’s Current Reports on Form 8-K filed with
the SEC subsequent to the date of such proxy statement. To the extent
holdings of the Company’s securities by such directors or executive
officers have changed since the amounts printed in the proxy statement,
such changes have been or will be reflected on Initial Statements of
Beneficial Ownership on Form 3 or Statements of Changes in Beneficial
Ownership on Form 4 filed with the SEC. Additional information regarding
the identity of potential participants, and their direct or indirect
interests, by security holdings or otherwise, will be set forth in the
proxy statement and other materials to be filed with the SEC in
connection with the Company’s 2018 Annual Meeting of Shareholders.
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.
