Tenet sells 2 hospitals for $550M
Dallas-based Tenet Healthcare has announced it’s selling two of its San Luis Obispo County hospitals to Adventist Health, with a Tenet subsidiary—Conifer Health Solutions—signing on with Adventist to provide revenue cycle services.
The deal is worth $550 million and includes Sierra Vista Regional Medical Center and Twin Cities Community Hospital, along with all affiliates and related operations. The transaction is expected to close in spring, subject to regulatory approval and closing conditions.
Conifer says its strategic partnership with Adventist Health to provide hospital and physician revenue cycle services will help optimize cashflow and enhance patient engagement through “advanced technologies and AI-driven workflows.”
“Adventist Health is a prominent healthcare system with a commitment to compassionate care and serving the communities of San Luis Obispo County,” Saum Sutaria, MD, chairman and CEO of Tenet Healthcare, said. “Furthermore, our revenue cycle services partnership will enable our organizations to apply new innovations to optimize the patient experience.”
Evan joined TriMed in 2011, writing primarily for Health Imaging. Prior to diving into medical journalism, Evan worked for the Nine Network of Public Media in St. Louis. He also has worked in public relations and education. Evan studied journalism at the University of Missouri, with an emphasis on broadcast media.