M&A Deal Summary |
|
|---|---|
| Date | 2016-04-01 |
| Target | Tenet Healthcare - Atlanta-Area Hospitals & Related Operations |
| Sector | Healthcare Services |
| Buyer(s) | Wellstar Health System |
| Sellers(s) | Tenet Health |
| Deal Type | Divestiture |
| Deal Value | 575M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1984 |
| Sector | Healthcare Services |
| Employees | 13,000 |
WellStar Health System, the largest health system in Georgia, is known nationally for its innovative care models, focused on improving quality and access to healthcare. Specialists and primary care providers work in a multi-disciplinary environment with 20,000 team members throughout our 11 hospitals, 225 medical office locations, outpatient centers, health parks, a pediatric center, nursing centers, hospice, homecare. WellStar consistently looks at total patient wellness and works to ensure that all systems support that focus. WellStar is recognized nationally as an Employer of Choice and is featured on FORTUNE 100 Best Companies to Work For® list and Work Mother Magazine’s Best Companies list.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1967 |
| Sector | Healthcare Services |
| Employees | 85,800 |
| Revenue | 20.5B USD (2023) |
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 Health was founded in 1967 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 11 |
| Sector (Healthcare Services) | 6 of 11 |
| Type (Divestiture) | 6 of 11 |
| State (Texas) | 1 of 2 |
| Country (United States) | 5 of 10 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-03 |
Tenet Healthcare - North Carolina Hospitals
North Carolina, United States Tenet Healthcare - North Carolina Hospitals included in the sale are the 137-bed Central Carolina Hospital in Sanford and the 355-bed Frye Regional Medical Center in Hickory, as well as 19 physician practices. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-28 |
Harbor Health Plan
Detroit, Michigan, United States Harbor Health Plan, Inc. is a provider of healthcare serives. The company plans include building brick and mortar Wellness Centers in Wayne, Oakland, and Macomb counties to improve member health outcomes, and establishing value-based contracts with providers. The Wellness Centers will focus on enhancing its members' health status through on-site nurse case management and care coordination, physical fitness activities, and health education. |
Sell | - |
