Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Orlando Health for the sale of Tenet’s 70% majority ownership interest in Brookwood Baptist Health in Birmingham for approximately $910 million in cash (after-tax proceeds of approximately $790 million). The transaction will include five hospitals – Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center, Citizens Baptist Medical Center – as well as affiliated physician practices and other related operations. Brookwood Baptist Health will remain a joint venture with Baptist Health System.
Read the full article: Tenet Healthcare to Sell Five Birmingham Hospitals to Orlando Health //
Source: https://www.businesswire.com/news/home/20240805345316/en/Tenet-Healthcare-to-Sell-Five-Birmingham-Hospitals-to-Orlando-Health