Becker's Healthcare October 1, 2024
Dallas-based Tenet Healthcare has completed the sale of its 70% majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
Here are six things to know:
1. The sale comprises five hospitals: Birmingham-based Brookwood Baptist Medical Center and Princeton Baptist Medical Center, Walker Baptist Medical Center in Jasper, Ala., Shelby Baptist Medical Center in Alabaster, Ala., and Citizens Baptist Medical Center in Talladega, Ala.
2. Tenet and Orlando Health entered into a definitive agreement Aug. 5 for the sale of the hospitals, which were valued at around $910 million in cash with approximately $790 million in after-tax proceeds.
3. Conifer Health Solutions, a revenue cycle management subsidiary of Tenet, entered into a 10-year contract to...
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