Novant Health to acquire three hospitals from Tenet Healthcare
WINSTON-SALEM, N.C., Nov. 17, 2023 /PRNewswire/ -- Novant Health and Tenet Healthcare Corporation (NYSE: THC) today announced that they have signed a definitive agreement regarding the acquisition by Novant Health of three Tenet hospitals and affiliated operations in South Carolina.
- WINSTON-SALEM, N.C., Nov. 17, 2023 /PRNewswire/ -- Novant Health and Tenet Healthcare Corporation (NYSE: THC) today announced that they have signed a definitive agreement regarding the acquisition by Novant Health of three Tenet hospitals and affiliated operations in South Carolina.
- Under the terms of the agreement, Novant Health will purchase three hospitals, as well as associated physician practices and other related hospital operations from Tenet for approximately $2.4 billion.
- "We're excited about making this long-term investment for healthcare across our region," said Carl S. Armato, President and CEO, Novant Health.
- "I am pleased to be in a partnership with Novant Health, whom we've admired for their innovative approach to patient-centric healthcare," said Saum Sutaria, M.D., Chairman and CEO, Tenet Healthcare.