Tenet to sell majority stake in 5 hospitals in $910M deal
08/09/24 at 03:00 AM
Tenet to sell majority stake in 5 hospitals in $910M deal
Modern Healthcare; by Caroline Hudson; 8/5/24
Tenet Healthcare is selling its majority stake in Brookwood Baptist Health to Florida-based Orlando Health in a $910 million cash deal. The transaction is expected to close this fall and involves five Alabama hospitals: Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center and Citizens Baptist Medical Center, as well as affiliated physician practices and other operations, according to a Monday news release.