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Tenet Healthcare

Tenet Healthcare Corporation
Company typePublic company
IndustryHealthcare
Predecessors
  • American Medical Holdings
  • National Medical Enterprises
Founded1969 (1969)
HeadquartersDallas, Texas, U.S.
Key people
Ronald Rittenmeyer,
(Former Executive chairman)
Saum Sutaria, M.D.,
(CEO)
ServicesHealthcare services
RevenueDecrease US$17.64 billion (2020)[1][2][3]
Increase US$1.99 billion (2020)[1][2][4]
Increase US$399 million (2020)[1][2][4]
Total assetsIncrease US$27.11 billion (2020)[1][4]
Total equityIncrease US$937 million (2020)[1][4]
Number of employees
102,000 (2021)[5][4][6]
SubsidiariesUnited Surgical Partners International
Conifer Health Solutions
Websitewww.tenethealth.com

Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships,[7] including United Surgical Partners International (USPI),[8] the company operates 65 hospitals and over 450 healthcare facilities.[9] Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.

Since its founding in 1969,[10] Tenet has expanded significantly. Among other major acquisitions and formations, Tenet founded Conifer Health Solutions in 2008,[11] MedPost Urgent Care in 2014,[12] and in 2013 acquired Vanguard Health Systems, Inc., an investor-owned hospital company whose operations complemented Tenet's existing business.[13] The acquisition created the third-largest investor-owned hospital company in the United States in terms of revenue and the third-largest in number of hospitals owned.[14] In 2015, Tenet acquired USPI, which created the largest operator of outpatient surgery centers in the United States.[8] In 2021, the company ranked 167th in the Fortune 500.[2]

The company has settled a number of multimillion dollar settlements related to defrauding Medicare, Medicaid, and patients, which includes admitting psychiatric patients who did not need hospitalization and then charging these patients inflated prices.

  1. ^ a b c d e Paavol, Alia (9 February 2021). "Tenet records $414M profit in Q4, plans to retire debt". Retrieved 2 August 2021.
  2. ^ a b c d Tenet Healthcare, Fortune, 2020, retrieved 2 August 2021
  3. ^ "Tenet Healthcare Corporation 2017 Annual Report (Form 10-K)". Sec.gov. U.S. Securities and Exchange Commission. February 2018.
  4. ^ a b c d e "Statement of changes in beneficial ownership of securities." (Tenet Health) (January 31, 2019) Retrieved 20 July, 2020.
  5. ^ Cite error: The named reference TWSJ was invoked but never defined (see the help page).
  6. ^ "About Tenet Healthcare". Tenethealth.com. Retrieved 7 September 2021.
  7. ^ Cite error: The named reference tnatenethealth was invoked but never defined (see the help page).
  8. ^ a b Cite error: The named reference Reuterstenet was invoked but never defined (see the help page).
  9. ^ "Tenet Healthcare Corp Key Metrics". reuters.com. Retrieved 2 August 2021.
  10. ^ Cite error: The named reference Inc was invoked but never defined (see the help page).
  11. ^ Cite error: The named reference conifer was invoked but never defined (see the help page).
  12. ^ Cite error: The named reference dallas was invoked but never defined (see the help page).
  13. ^ Jacobson, Gary (1 October 2013). "Tenet completes $4.3 billion acquisition of Vanguard Health Systems". The Dallas Morning News. Retrieved 22 April 2014.
  14. ^ Pearson, Bradford. "Tenet Healthcare Closes $4.3B Vanguard Acquisition". D Healthcare Daily. Retrieved 17 June 2014.

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