Tenet completes $575M sale of Atlanta hospitals: 4 notes

Tenet Healthcare completed the sale of its five Atlanta-area hospitals to WellStar Health System, according to Inside Trade.

Advertisement

Here are four notes:

1. The transaction was valued at $575 million in cash.

2. The deal went into effect on March 31, 2016.

3. As per the agreement, Tenet will retain certain net working capital accounts.

4. WellStar will assume certain capital leases related to the acquired facilities’ operations.

More articles on surgery centers:
Tenet ambulatory net revenue reaches $397M — 22 things to know about Tenet’s Q4, 2015 results
SCA partners with Gladiolus Surgery Center — 4 key points
3 hospitals/health systems with new outpatient surgery centers — April 10, 2016

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • Joint ventures between health systems, hospitals, independent ASCs, surgeons and other third party groups have become the new face of…

  • The FTC has been active in the healthcare space recently as pressure builds in the debates surrounding prescription drug prices,…

Advertisement

Comments are closed.