DALLAS & ST. LOUIS, Mo.--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE:THC) and St. Luke’s Hospital, an
independent, nonprofit healthcare provider in Chesterfield, Mo.,
announced today that they have entered into a definitive agreement for
St. Luke’s to purchase Des Peres Hospital as well as Tenet-owned
physician practices and other hospital-affiliated operations in St.
Louis.
“In identifying a new owner for Des Peres Hospital as part of ongoing
changes to our network, we have focused on securing the hospital’s
long-term sustainability for the benefit of its patients, employees and
the physicians who practice there,” said Ron Rittenmeyer, executive
chairman and CEO of Tenet Healthcare. “St. Luke’s Hospital shares
Tenet’s commitment to providing patients with high quality care and the
best patient experience possible. We believe that St. Luke’s will
complement and enhance Des Peres’ position within the St. Louis
community, which the hospital has proudly served for more than 40 years.”
“We are excited to welcome Des Peres Hospital to the St. Luke’s family,
as we bring together two hospitals with talented care teams and a shared
vision for providing the highest quality patient care,” said Christine
M. Candio, RN, FACHE, St. Luke’s Hospital president and chief executive
officer. “By aligning the community and patient-focused values of both
hospitals, we will create an even stronger healthcare network prepared
to serve our patients far into the future.”
The transaction is expected to be completed early this year, 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 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.
About St. Luke’s Hospital:
St. Luke’s Hospital is an independent, nonprofit healthcare provider
committed to improving the quality of life for its patients and the
community. Since its founding in 1866, St. Luke’s has grown from a
single hospital location to an advanced network of care. It provides
personalized healthcare services in over 60 specialty areas at its
493-bed hospital in Chesterfield, Mo. and offers 27 other locations
across the greater St. Louis area, bringing quality healthcare services
close to home. St. Luke’s is nationally-recognized for quality care and
consistently earns high patient satisfaction scores. In addition, St.
Luke’s is the exclusive St. Louis affiliate of the nation’s No. 1 heart
hospital, Cleveland Clinic’s Sydell and Arnold Miller Family Heart &
Vascular Institute. For more information, visit stlukes-stl.com/newsroom.
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 and other filings with the Securities and
Exchange Commission.
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investors about the Company including the posting of important
announcements regarding financial performance and corporate development.
