Becker's Healthcare May 6, 2024
Dallas-based Tenet Healthcare started 2024 with a hospital selling spree that netted nearly $4 billion in gross proceeds.
“The transactions that we have executed on have established the dawn of a new era for Tenet,” CEO Saum Sutaria said on the health system’s April 30 earnings call.
Tenet sold a total of nine hospitals to three health systems in the first quarter of 2024. Dr. Sutaria said that within those deals Tenet “maintained, and in most cases, enhanced a commercial service provision relationship with the buyer.”
“We expect these relationships will be an attractive contributor to earnings for years to come,” he said.
Dr. Sutaria also said the system retired $2.1 billion in debt in the...
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