Tenet Health - M&A Summary and Business Overview

Healthcare ServicesCompany

Tenet Health M&A Summary

Tenet Health has acquired 8 companies. A total of 6 acquisitions came from private equity firms. It has also divested 10 assets.

Tenet Health’s largest acquisition to date was in 2013, when it acquired Vanguard Health Systems for $4.3B. It’s largest disclosed sale occurred in 2016, when it sold Tenet Healthcare - Atlanta-Area Hospitals & Related Operations to Wellstar Health System for $575M. Tenet Health has acquired in 4 different US states. The Company’s most targeted sectors include healthcare services (100%).

Tenet Health Business Overview

Where is Tenet Health headquartered?

Tenet Health is headquartered in Dallas, Texas.

What is Tenet Health’s revenue?

Tenet Health disclosed revenue of 19,174M USD for 2022 and 19,485M USD for 2021.

How many employees does Tenet Health have?

Tenet Health has 85,800 employees.

What sector is Tenet Health in?

Tenet Health is a healthcare services company.

When was Tenet Health founded?

Tenet Health was founded in 1967.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity6
    • M&A Sell Activity10
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15
  • M&A Advisors 4

Tenet Health

Tenet Healthcare Corp.

14201 Dallas Parkway,
Dallas, Texas 75254
United States,
(469) 893-2200
www.tenethealth.com

Tenet Health is a provider of health care services company, through its subsidiaries operates 77 hospitals, 187 outpatient centers, and Conifer Health Solutions, a provider in business process solutions for health care providers serving more than 700 hospital and other clients nationwide. Tenet’s hospitals and related health care facilities are committed to providing high-quality care to patients in the communities they serve. Tenet Health was founded in 1967 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $7.5B $7.5B
Sell (0.2/yr) # 9 1 - - - - 10
vol $665M $665M
  16

Most Recent M&A

Company Date Value Type
Tenet’s Urgent Care Platform 2020-12-18 - Divestiture
Dallas, Texas
Golden State Medicare Health Plan 2018-12-04 - Divestiture
Cypress, California · www.gsmhp.com
United Surgical Partners International (USPI) 2018-04-26 - Add-on Acquisition
Saint Louis, Missouri · www.uspi.com
Tenet Healthcare - Three Houston Hospitals 2017-05-01 - Divestiture
Houston, United States
Harbor Health Plan, Inc. 2017-02-28 - Divestiture
Detroit, Michigan · www.harborhealthplan.com
Tenet Healthcare - Atlanta-Area Hospitals & Related Operations 2016-04-01 575M USD Divestiture
Dallas, Texas
Tenet Healthcare - North Carolina Hospitals 2015-11-03 - Divestiture
, North Carolina
United Surgical Partners International, Inc. 2015-03-23 - Add-on Acquisition
Addison, Texas · www.unitedsurgical.com
Vanguard Health Systems, Inc. 2013-06-24 4.3B USD Add-on Acquisition
Nashville, Tennessee · www.vanguardhealth.com
Emanuel Medical Center, Inc. 2013-02-21 - Add-on Acquisition
Turlock, California · www.emanuelmedicalcenter.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
United Surgical Partners International, Inc. 2015-03-23 Compass Surgical Partners - Nine Ambulatory Surgery Centers 2021-10-11 2
Addison, Texas · www.unitedsurgical.com Raleigh, North Carolina
United Surgical Partners International, Inc. 2015-03-23 CareSpot Express Healthcare LLC 2016-01-04 1
Addison, Texas · www.unitedsurgical.com Brentwood, Tennessee · www.carespot.com
Conifer Health Solutions LLC    - SPi Healthcare 2014-09-23 2
Dallas, Texas · www.coniferhealth.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 6 (100%) 7.5B (100%) 10 (100%) 665M (100%)
Total 6 $7.5B 10 $665M

By Geo

State/Country Buy Value Sell Value
United States 6 7.5B 9 575M
  California 2 - 4 -
  Texas 1 - 2 575M
  Tennessee 2 7.5B - -
  Missouri 1 - - -
  North Carolina - - 1 -
  Michigan - - 1 -
Spain - - 1 90M
Domestic 6 (100%) 7.5B (100%) 9 (90%) 575M (86%)
Cross-border - - 1 (10%) 90M (14%)
Total 6 $7.5B 10 $665M

Top M&A Advisors

Financial Deals
BofA Securities
1
Lazard Ltd.
1
Barclays Investment Bank
1
Legal Deals
Gibson, Dunn & Crutcher
1

Deal Values

buy # Total
> $1B 2 $7.5B
TOTAL $7.5B
Largest Vanguard Health Systems, Inc.
$4.3B (2013-06-24)
sell # Total
$100M to $1B 1 $575M
< $100M 1 $90M
TOTAL $665M
Largest Tenet Healthcare - Atlanta-Area Hospitals & Related Operations
$575M (2016-04-01)

M&A Connections

Deals
Acquired from
Investor(s)
67%
4 (67%)
Divested to
Investor(s)
10%
1 (10%)
Strategic(s)
90%
9 (90%)

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