The transaction includes five hospitals: Brookwood Baptist Medical Center, Citizens Baptist Medical Center in Talladega, Princeton Baptist Medical Center in Birmingham, Shelby Baptist Medical Center in Alabaster, and Walker Baptist Medical Center in Jasper.
Tenet’s subsidiary, Conifer Health Solutions, entered into a 10-year contract to provide comprehensive revenue cycle management services for the operations at these hospitals.
This comes after a wave of hospital sales by the healthcare giant earlier this year. Tenet sold off nine hospitals in California and South Carolina for a total of $3.9 billion and has been redirecting focus towards its ASC arm, United Surgical Partners International.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.