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Tenet to sell multiple hospitals, home health business

Dallas-based Tenet Healthcare is seeking to further refine its hospital operations portfolio by selling hospitals in noncore markets.

Tenet Chairman and CEO Trevor Fetter shared that news Monday at the J.P. Morgan Healthcare Conference. He said the move is in line with Tenet's long-term strategy of increasing the percentage of markets where the company has the leading or second-place market share.

Mr. Fetter said Tenet has signed letters of intent regarding the sale of multiple hospitals and has also signed a letter of intent to sell its home health and hospice business.

As previously disclosed, Mr. Fetter said Tenet expects to fully exit the health plan business this year. The company has signed definitive agreements to sell two of its health plans.

More articles on healthcare industry transactions:

Wellmont acquires Takoma Regional Hospital
Envision Healthcare acquires Sunshine Radiology
Global Medical REIT to acquire Kansas hospital for $24.5M

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