Novant Health’s acquisition of Tenet hospitals and affiliates will expand patient access to high-quality care south carolina
Winston-Salem, North Carolina, November 17, 2023 /PRNewswire/ — Novant Health and Tenet Healthcare Corporation (NYSE: THC ) announced today that they have signed a definitive agreement for Novant Health to acquire three Tenet hospitals and affiliates located in the United States. south carolina.
Under the terms of the agreement, Novant Health will purchase three hospitals as well as associated physician practices and other related hospital operations from Tenet for approximately $2.4 billion. The deal includes Hilton Head Hospital beaufort countyCoastal Carolina Hospital jasper countyand East Cooper Medical Center charleston county.
“We are pleased to be making a long-term investment in health care across the region,” said Carl S.Amato, President and CEO of Novant Health. “As a health system with roots in the Carolinas, we are committed to expanding the communities we serve in our regional delivery network, which is known for safe, high-quality, patient-centered care. south carolina.The entire region – from wilmington arrive Conway and myrtle beachNow Charleston, Hilton Head Islandand hardeeville – Novant Health is uniquely positioned to provide personalized care that is compassionate, professional, affordable, and easy to access and understand.This investment is the next stage in a long-term vision to improve the health and wellbeing of the entire community south carolina“.
Novant Health is an integrated health system of physician offices, hospitals, outpatient centers and more, each component delivering exceptional health care to patients by delivering world-class technology, personal connections and easy access to patient-centered care experience.The health system is currently concerned about south carolina The patient is Conway Novant Health recently formed a partnership with Conway Medical Center. Novant Health also has a long history of providing high-quality imaging care to South Carolina residents in the upstate region, Central RegionPee Dee and Lowcountry areas through its imaging company, MedQuest Associates.
Novant Health continues to set the highest safety and quality standards for the communities it serves, recently receiving the highest “A” grade recognition for patient safety North Carolina From Leapfrog Group. In addition, five Novant Health Ambulatory Surgery Centers (ASCs) were named “Best Ambulatory Surgery Centers” by Money (formerly Money Magazine) in partnership with Leapfrog Group.
“I am delighted to be working with Novant Health and we admire their innovative approach to patient-centered healthcare,” said I agree, MD, Chairman and CEO of Tenet Healthcare. “Our three hospitals along the coast south carolina will be part of their care network, providing benefits for generations to come. We will work together to ensure a seamless continuum of care for patients, improve revenue cycle services, and increase access to surgical procedures in a convenient, safe outpatient setting. We applaud their leadership’s vision to build a foundation of collaboration that leverages the skills of all to improve the communities we serve. “
The agreement also provides that Tenet’s Conifer Health Solutions subsidiary will provide expanded revenue cycle management services to the three hospitals upon completion of the transaction.
The transaction is expected to close early next year, subject to customary regulatory approvals, licenses and closing conditions. RBC Capital Markets is serving as financial advisor to Novant Health. Once completed, Novant Health will work with team members, medical staff and other stakeholders to continue providing high-quality care at the doorstep.
About Novante Health
Novant Health is an integrated network of hospitals, physician offices and outpatient facilities that provides a seamless, convenient healthcare experience to communities in North Carolina and south carolina. The Novant Health network consists of more than 1,900 physicians and more than 36,000 team members who provide care at more than 800 locations, including 16 hospitals and hundreds of outpatient facilities and physician offices. In 2022, Novant Health provided more than US$1.5 billion exist community benefitincluding financial aid and services.
For more information, please visit NovantHealth.org. Follow Novant Health Facebook, Instagram, X and LinkedIn.
About Tenet Healthcare
Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in dallas. Our care delivery network includes United Surgical Partners International, the largest outpatient platform in the United States, which operates or has an ownership interest in more than 480 ambulatory surgery centers and surgical hospitals.We also operate 61 acute care and specialty hospitals, approximately 110 other outpatient facilities, a leading network of employed physicians, and Manila, Philippines. Our Conifer Health Solutions subsidiary provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other customers. Across the Tenet enterprise, we are united by our mission to provide quality, compassionate care to the communities we serve. For more information, please visit www.tenethealth.com.
SOURCE Novant Health