Tenet plans to use the net proceeds of the sale to fund its offer for any and all of the outstanding $714 million in senior secured notes with a 9 percent interest rate due in 2015.
Related Articles on Tenet Healthcare:
Florida’s Jupiter Medical Center Fights Tenet’s Certificate of Need Application
Tenet Offers $900M in Senior Secured Notes
Tenet’s 3Q Profit Plummets Due to Tax Benefits Associated With Loss Carryforward
Next Up in Financial Management
-
Sacramento, Calif.-based Sutter Health and Minneapolis-based Allina Health plan to combine into a $26 billion, 39-hospital system, but the financial…
-
St. Louis-based Ascension is extending its revenue cycle partnership with R1 through fiscal year 2037. The 11-year renewal follows Ascension’s…
-
St. Louis-based Ascension will close an insurance unit and lay off 51 workers as it moves administration of its employee…
Join the 500,000+ healthcare executives who start their day with Becker's
Becker's Hospital Review Newsletter is sent Monday–Sunday.
