Becker's Healthcare April 15, 2024
Dallas-based Tenet Healthcare is accelerating its portfolio transformation towards a more value-based care enterprise with a leading specialty care platform, the company said in a proxy statement filed April 12 with the Securities and Exchange Commission.
The for-profit health system, which reported $2.5 billion in operating income on revenues of $20.5 billion in 2023, is focused on strategically reducing its debt and growing its hospital segment and ambulatory business, United Surgical Partners International.
“Tenet is entering a new era with a greater proportion of our performance coming from our highly efficient ambulatory surgical business and a reduced debt profile,” CEO and Chair Saum Sutaria, MD, said during the company’s fourth-quarter earnings call. “We will have significant financial and capital flexibility...
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