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Tenet Healthcare Corporation
Company type
Public company
Traded as
NYSE: THC
S&P 400 component
Industry
Healthcare
Predecessors
American Medical Holdings
National Medical Enterprises
Founded
1969; 55 years ago (1969)
Headquarters
Dallas, Texas, U.S.
Key people
Ronald Rittenmeyer, (Former Executive chairman)
Saum Sutaria, M.D., (CEO)
Services
Healthcare services
Revenue
US$17.64 billion(2020)[1][2][3]
Operating income
US$1.99 billion(2020)[1][2][4]
Net income
US$399 million(2020)[1][2][4]
Total assets
US$27.11 billion(2020)[1][4]
Total equity
US$937 million(2020)[1][4]
Number of employees
102,000 (2021)[5][4][6]
Subsidiaries
United Surgical Partners International Conifer Health Solutions
Website
www.tenethealth.com
Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships,[7] including United Surgical Partners International (USPI),[8] the company operates 65 hospitals and over 450 healthcare facilities.[9] Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
Since its founding in 1969,[10] Tenet has expanded significantly. Among other major acquisitions and formations, Tenet founded Conifer Health Solutions in 2008,[11] MedPost Urgent Care in 2014,[12] and in 2013 acquired Vanguard Health Systems, Inc., an investor-owned hospital company whose operations complemented Tenet's existing business.[13] The acquisition created the third-largest investor-owned hospital company in the United States in terms of revenue and the third-largest in number of hospitals owned.[14] In 2015, Tenet acquired USPI, which created the largest operator of outpatient surgery centers in the United States.[8] In 2021, the company ranked 167th in the Fortune 500.[2]
The company has settled a number of multimillion dollar settlements related to defrauding Medicare, Medicaid, and patients, which includes admitting psychiatric patients who did not need hospitalization and then charging these patients inflated prices.
^ abcdePaavol, Alia (9 February 2021). "Tenet records $414M profit in Q4, plans to retire debt". Retrieved 2 August 2021.
^ abcdTenet Healthcare, Fortune, 2020, retrieved 2 August 2021
^"Tenet Healthcare Corporation 2017 Annual Report (Form 10-K)". Sec.gov. U.S. Securities and Exchange Commission. February 2018.
^ abcde
"Statement of changes in beneficial ownership of securities." (Tenet Health) (January 31, 2019) Retrieved 20 July, 2020.
^Cite error: The named reference TWSJ was invoked but never defined (see the help page).
^"About Tenet Healthcare". Tenethealth.com. Retrieved 7 September 2021.
^Cite error: The named reference tnatenethealth was invoked but never defined (see the help page).
^ abCite error: The named reference Reuterstenet was invoked but never defined (see the help page).
^"Tenet Healthcare Corp Key Metrics". reuters.com. Retrieved 2 August 2021.
^Cite error: The named reference Inc was invoked but never defined (see the help page).
^Cite error: The named reference conifer was invoked but never defined (see the help page).
^Cite error: The named reference dallas was invoked but never defined (see the help page).
^Jacobson, Gary (1 October 2013). "Tenet completes $4.3 billion acquisition of Vanguard Health Systems". The Dallas Morning News. Retrieved 22 April 2014.
^Pearson, Bradford. "Tenet Healthcare Closes $4.3B Vanguard Acquisition". D Healthcare Daily. Retrieved 17 June 2014.
TenetHealthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries...
the soundtrack album to the film TenetHealthcare, a healthcare services company based in Dallas, Texas, US TENET (network), the de facto national research...
from TenetHealthcare. In 2019 they purchased Mission Health System which operates hospitals in North Carolina. In January 2020, HCA Healthcare acquired...
Acadia Healthcare Company, Inc. is an American provider of behavioral healthcare services. It operates a network of over 225 facilities across the United...
Care, Inc., a subsidiary of National Medical Enterprises, Inc. (now TenetHealthcare). In August 1994, 70% of the company was acquired by DLJ Merchant Banking...
2001 and was taken private again in 2007. In April 2015, USPI and TenetHealthcare entered into an agreement to create an ambulatory surgery platform...
called the Mid-City campus. The combined hospitals were acquired by TenetHealthcare, and the old Baptist Hospital was renamed Memorial Medical Center in...
Hospital, is a now-abandoned 187-bed acute care hospital operated by TenetHealthcare located in Mid-City New Orleans, Louisiana. The hospital provided many...
Academic Health System, an affiliate of Paladin Healthcare. The sale of Dallas-based for-profit TenetHealthcare's remaining Philadelphia assets was completed...
services Austin joined the boards of Raytheon Technologies, Nucor, TenetHealthcare, and Auburn University. On December 7, 2020, he was nominated for defense...
California "Tenet to sell 4 L.A.-area hospitals to AHMC". 2004-07-19. Medical Development Specialists, Inc. (September 7, 2007). "Effect of AHMC Healthcare Inc...
Business Leader, Financial Services and Consumer & Healthcare. In September 2020, UK Medicines and Healthcare products Regulatory Agency contracted Genpact...
(which moved its headquarters from Los Angeles to Dallas in 2020), TenetHealthcare, Southwest Airlines, Texas Instruments, Jacobs Engineering, HollyFrontier...
Tarzana, California. The hospital's ownership changed in July 2008 when TenetHealthcare sold it to the current owner, Providence Health & Services. Previously...
Progyny QuidelOrtho R1 RCM Repligen Shockwave Medical Sotera Health TenetHealthcare United Therapeutics Financials Affiliated Managers Group Ally Financial...
renamed TenetHealthcare). While Tenet had ownership of the hospital it was staffed by doctors from the Keck School Of Medicine. In 2006, USC sued Tenet to...
acquiring the medical records needed to document the patients' conditions. TenetHealthcare said it turned over all the patient records it had on the case. Investigators...
Progyny QuidelOrtho R1 RCM Repligen Shockwave Medical Sotera Health TenetHealthcare United Therapeutics Financials Affiliated Managers Group Ally Financial...
Progyny QuidelOrtho R1 RCM Repligen Shockwave Medical Sotera Health TenetHealthcare United Therapeutics Financials Affiliated Managers Group Ally Financial...
formerly a subsidiary of Abrazo Community Health Network, a subsidiary of TenetHealthcare September 2018: Meridian Health Plans, Detroit, Michigan September...
Retrieved 20 June 2023. Dan Bowman,"Prime Healthcare Services to Acquire Three Hospitals from TenetHealthcare Corporation". fiercehealthcare.com. 2 June...
Global Information
US$17.64 billion (2020)[1][2][3]
US$1.99 billion (2020)[1][2][4]