Tenet rapidly reorganizing portfolio

Becker's Healthcare August 6, 2024
Alan Condon

Dallas-based Tenet Healthcare is transforming its portfolio into a more value-based care enterprise with a leading specialty care platform and is rapidly selling hospitals while simultaneously adding ambulatory surgery centers.

The for-profit system significantly improved its leverage position in the first quarter after selling nine hospitals in California and South Carolina for a total of $3.9 billion. It also plans to sell its majority stake in five more Alabama hospitals for $910 million this fall.

Tenet now operates 52 acute-care hospitals, according to its website.

“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 Saum Sutaria, MD, said during the...

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