Tenet Healthcare Corporation
Tenet Healthcare Announces Completion of Sale of South Carolina Hospitals for $2.4 Billion
Summary
Tenet Healthcare Corporation announced the completion of the sale of three South Carolina hospitals, affiliated physician practices, and related operations to Novant Health for $2.4 billion in cash. The transaction is expected to result in a pretax gain of approximately $1.7 billion and favorably impact the company's income tax expense by about $150 million in 2024. The sale includes unaudited pro forma financial information reflecting the impact of the transaction.
Profitelligence Alerts
Get alerts for THC
Be first to know when Tenet Healthcare Corporation files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Tenet Healthcare Corporation
Tenet Healthcare Corporation is a diversified healthcare services company that operates a network of hospitals and other health-related facilities. Its primary purpose is to deliver high-quality, affordable healthcare services to communities across the United States. Tenet manages a robust network of acute care and specialty hospitals, outpatient centers, and primary care facilities. This corporation also provides a range of services including clinical services, diagnostics, and surgical procedures, significantly impacting the healthcare delivery system. Tenet Healthcare Corporation plays a vital role in the healthcare market by addressing critical medical needs and optimizing patient outcomes through its dedicated facilities. It supports various sectors such as emergency care, orthopedics, cardiovascular health, and women’s health. Additionally, through its subsidiary, Conifer Health Solutions, Tenet offers value-based care and revenue cycle management services, enhancing operational efficiency and financial performance in the healthcare industry. Founded in 1967 and headquartered in Dallas, Texas, Tenet Healthcare Corporation is a significant entity in the U.S. healthcare sector, continually striving to adapt and evolve within a dynamic and regulatory-driven environment, ensuring better healthcare access and value for patients and clients alike.
Official SEC Documents
Advertisement