Becker's Healthcare October 31, 2024
Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has sold 14 hospitals this year for more than $4.8 billion, according to an Oct. 29 third quarter earnings call.
“As a result of these sales, our current hospital portfolio has an enhanced return profile, more attractive geographies for us and our business model,” Tenet CEO Saum Sutaria, MD, said in the earnings call.
The for-profit system sold nine hospitals in California and South Carolina in the first quarter. On Sept. 30, it completed the sale of its 70% ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
The for-profit system sold its 70% ownership stake in five Alabama hospitals on Oct....
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