Here is what the healthcare giant has been up to this year so far.
In March, Tenet finalized the sale of two California hospitals for around $550 million, or after-tax proceeds of approximately $450 million. The hospitals, Sierra Vista Regional Medical Center in San Luis Obispo and Twin Cities Community Hospital in Templeton, were sold to Roseville, Calif.-based Adventist Health.
Also in March, Tenet completed the sale of four hospitals and two ASCs in Southern California to Orange, Calif.-based UCI Health. The acquired hospitals are Fountain Valley Regional Hospital, Lakewood Regional Medical Center, Los Alamitos Medical Center and Placentia-Linda Hospital. The acquired ASCs are Pacific Endoscopy & Surgery Center in Mountain Valley and Reagan Street Surgery Center in Los Alamitos.
In February, Tenet finalized the sale of three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. The acquisition includes Coastal Carolina Hospital in Hardeeville, Hilton Head Hospital in Hilton Head Island and East Cooper Medical Center in Mount Pleasant.
