Chief Healthcare Executive August 6, 2024
Orlando Health has agreed to purchase the facilities from Tenet Healthcare Corp., the company says.
Tenet Healthcare Corp. continues to divest more of its hospitals, and Orlando Health is expanding its footprint in the southeast.
The for-profit health system said Monday it has reached an agreement to sell five hospitals in Alabama to Orlando Health in a $910 million transaction. Tenet is selling its 70% majority ownership interest in Brookwood Baptist Health in Birmingham, Alabama.
The deal includes the hospitals and a host of other physician practices and healthcare locations. Tenet said Brookwood Baptist Health will remain a joint venture with Baptist Health System.
Tenet said the deal should be concluded in the fall of 2024, assuming regulators approve the...
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