Meghan FitzGerald, DrPH, RN, a director at Tenet, sold 20,000 shares of the company at $146.34 a piece for a total of nearly $2.93 million, according to an Aug. 8 filing on the health system’s website.
The sale comes as Tenet, which now runs 52-acute care hospitals, recently shared plans to sell 70% of its majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health, for $910 million in cash with around $790 million in post-tax proceeds.
The transaction would comprise five hospitals, along with other related operations and affiliated physician practices.
The hospitals are Birmingham-based Brookwood Baptist Medical Center; Birmingham-based Princeton Baptist Medical Center; Jasper, Ala.-based Walker Baptist Medical Center; Alabaster, Ala.-based Shelby Baptist Medical Center; and Talladega, Ala.-based Citizens Baptist Medical Center.
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