DOTmed August 7, 2024
Tenet Healthcare has announced a definitive agreement to sell its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health for approximately $910 million in cash, with after-tax proceeds expected to be around $790 million.
The sale includes five hospitals: Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center, and Citizens Baptist Medical Center, as well as affiliated physician practices and related operations. Brookwood Baptist Health will continue as a joint venture with Baptist Health System.
As part of the agreement, Tenet’s Conifer Health Solutions subsidiary will enter a new and expanded ten-year contract to provide revenue cycle management services for the Birmingham hospitals and related operations.
“We are grateful...
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