Becker's Healthcare October 2, 2024
Dallas-based Tenet Healthcare has completed another hospital sale as it continues to look to its ASC arm, United Surgical Partners International, to drive growth.
Tenet sold its 70% ownership stake in five Alabama hospitals on Oct. 1 in a deal valued at approximately $910 million in cash, with after-tax proceeds of approximately $790 million. The transaction covers Birmingham-based Brookwood Baptist Medical Center and Princeton Baptist Medical Center, Citizens Baptist Medical Center in Talladega, Shelby Baptist Medical Center in Alabaster and Walker Baptist Medical Center in Jasper.
Earlier this year, the health system sold nine hospitals in California and South Carolina for a total of $3.9 billion.
But the system’s ASC arm keeps growing. USPI acquired 45 new...
Today's Sponsors
Today's Sponsor