Tenet and St. Luke’s Hospital Announce Definitive Agreement Regarding the Sale of Des Peres Hospital
January 05 2018 - 12:00PM
Business Wire
Tenet Healthcare Corporation (NYSE:THC) and St. Luke’s Hospital,
an independent, nonprofit healthcare provider in Chesterfield, Mo.,
announced today that they have entered into a definitive agreement
for St. Luke’s to purchase Des Peres Hospital as well as
Tenet-owned physician practices and other hospital-affiliated
operations in St. Louis.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180105005632/en/
“In identifying a new owner for Des Peres Hospital as part of
ongoing changes to our network, we have focused on securing the
hospital’s long-term sustainability for the benefit of its
patients, employees and the physicians who practice there,” said
Ron Rittenmeyer, executive chairman and CEO of Tenet Healthcare.
“St. Luke’s Hospital shares Tenet’s commitment to providing
patients with high quality care and the best patient experience
possible. We believe that St. Luke’s will complement and enhance
Des Peres’ position within the St. Louis community, which the
hospital has proudly served for more than 40 years.”
“We are excited to welcome Des Peres Hospital to the St. Luke’s
family, as we bring together two hospitals with talented care teams
and a shared vision for providing the highest quality patient
care,” said Christine M. Candio, RN, FACHE, St. Luke’s Hospital
president and chief executive officer. “By aligning the community
and patient-focused values of both hospitals, we will create an
even stronger healthcare network prepared to serve our patients far
into the future.”
The transaction is expected to be completed early this year,
subject to regulatory approvals and customary closing
conditions.
About Tenet Healthcare:
Tenet Healthcare Corporation is a diversified healthcare
services company with nearly 130,000 employees united around a
common mission: to help people live happier, healthier lives.
Through its subsidiaries, partnerships and joint ventures,
including United Surgical Partners International, the Company
operates general acute care and specialty hospitals, ambulatory
surgery centers, urgent care centers and other outpatient
facilities in the United States and the United Kingdom. Tenet’s
Conifer Health Solutions subsidiary provides technology-enabled
performance improvement and health management solutions to
hospitals, health systems, integrated delivery networks, physician
groups, self-insured organizations and health plans. For more
information, please visit www.tenethealth.com.
The terms "THC", "Tenet Healthcare Corporation", "the company",
"we", "us" or "our" refer to Tenet Healthcare Corporation or one or
more of its subsidiaries or affiliates as applicable.
About St. Luke’s Hospital:
St. Luke’s Hospital is an independent, nonprofit healthcare
provider committed to improving the quality of life for its
patients and the community. Since its founding in 1866, St. Luke’s
has grown from a single hospital location to an advanced network of
care. It provides personalized healthcare services in over 60
specialty areas at its 493-bed hospital in Chesterfield, Mo. and
offers 27 other locations across the greater St. Louis area,
bringing quality healthcare services close to home. St. Luke’s is
nationally-recognized for quality care and consistently earns high
patient satisfaction scores. In addition, St. Luke’s is the
exclusive St. Louis affiliate of the nation’s No. 1 heart hospital,
Cleveland Clinic’s Sydell and Arnold Miller Family Heart &
Vascular Institute. For more information, visit
stlukes-stl.com/newsroom.
This release contains “forward-looking statements” - that is,
statements that relate to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance and financial condition,
and often contain words such as “expect,” “assume,” “anticipate,”
“intend,” “plan,” “believe,” “seek,” “see,” or “will.”
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. Particular uncertainties that
could cause our actual results to be materially different than
those expressed in our forward-looking statements include, but are
not limited to, the factors disclosed under “Forward-Looking
Statements” and “Risk Factors” in our Form 10-K for the year ended
December 31, 2016 and other filings with the Securities and
Exchange Commission.
Tenet uses its Company website to provide
important information to investors about the Company including the
posting of important announcements regarding financial performance
and corporate development.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180105005632/en/
Tenet Healthcare CorporationMedia Contact:Daniel
Waldmann, 469-893-2640mediarelations@tenethealth.comorInvestor
Contact:Brendan Strong,
469-893-6992investorrelations@tenethealth.comorSt. Luke’s
HospitalMedia Contact:Cassandra Novy, 217-899-2332Pager:
314-823-1874cassandra.novy@stlukes-stl.com
Tenet Healthcare (NYSE:THC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tenet Healthcare (NYSE:THC)
Historical Stock Chart
From Apr 2023 to Apr 2024