Tenet to sell off 5 hospitals in Alabama for $910M: What ASCs need to know

Becker's Healthcare August 5, 2024
Patsy Newitt

Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has agreed to sell its majority interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.

Here are five things to know:

1. The deal is valued at approximately $910 million in cash, with after-tax proceeds of approximately $790 million.

2. The transaction includes five hospitals, along with affiliated physician practices — Brookwood Baptist Medical Center in Birmingham; Princeton Baptist Medical Center in Birmingham; Walker Baptist Medical Center in Jasper, Ala.; Shelby Baptist Medical Center in Alabaster, Ala.; and Citizens Baptist Medical Center in Talladega, Ala.

3. Under the proposed deal, which is expected to close in fall 2024, Tenet’s revenue cycle management arm will enter...

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