Tenet Healthcare Corporation (NYSE: THC) completed a transaction with CommonSpirit Health to resume full ownership of its Conifer Health Solutions subsidiary, according to a company statement. Under the agreement, CommonSpirit will pay Tenet approximately $1.9 billion in installments over three years. Conifer will make a $540 million redemption payment to CommonSpirit to eliminate the latter’s 23.8% equity stake in the revenue cycle management unit, effective January 1, 2026. The transaction will reduce Tenet’s redeemable non-controlling interest and other liabilities by approximately $885 million while increasing additional paid-in capital by about $305 million.
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Source: https://www.streetinsider.com/Corporate+News/Tenet+Healthcare+completes+%241.9+billion+deal+to+regain+full+Conifer+ownership/25926780.html