39 Facts About Tenet Healthcare

Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States.

In 2015, Tenet Healthcare acquired USPI, which created the largest operator of outpatient surgery centers in the United States.

Tenet Healthcare was first incorporated in 1969, by attorneys Richard Eamer, Leonard Cohen and John Bedrosian, as National Medical Enterprises, and headquartered in Los Angeles, California.

Tenet Healthcare possessed a dominant market share in Southern California at the time and envisaged the same prospects in South Florida, Louisiana, Texas, and the Philadelphia, Pennsylvania area.

In 2002, one of Tenet Healthcare's hospitals came under scrutiny for its surgical practices and another was investigated in a kickback scheme.

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In 2003, Trevor Fetter became CEO of Tenet Healthcare and started Commitment to Quality, an initiative to improve the “quality, safety, service and outcomes of the care and services” provided by Tenet Healthcare.

In 2003, Tenet Healthcare sold or closed 14 hospitals and closed more than 20 facilities in 2004 to achieve its financial performance goals.

Also in 2004, Tenet Healthcare moved its headquarters from Santa Barbara, California to Dallas, Texas.

In 2007, Tenet Healthcare appointed former Florida governor Jeb Bush to its board of directors to improve its reputation.

In 2008, Tenet launched Conifer Health Solutions, a healthcare services company.

An internal investigation by Tenet revealed Medicare billing irregularities, and the company reported itself to the U S government.

In May 2012, Tenet Healthcare sold Diagnostic Imaging Services, Inc, its former diagnostic imaging center business in Louisiana.

In 2013, Tenet Healthcare acquired Vanguard Health Systems, based in Nashville, Tennessee, in a deal worth $4.

In March 2014, Tenet formed a partnership with the Yale New Haven Health System to create a healthcare delivery network in Connecticut.

Tenet Healthcare launched MedPost Urgent Care in May 2014, which is a national network of urgent care centers.

In June 2014, Tenet Healthcare acquired a majority interest in Texas Regional Medical Center, a 70-bed community hospital in Sunnyvale, Texas, east of downtown Dallas.

Also that month, Tenet Healthcare opened Resolute Health Hospital in New Braunfels, Texas.

In July 2014 Tenet Healthcare announced that Saint Mary's Hospital in Waterbury, Connecticut would be acquired by a subsidiary of the company, with the hospital's religious directives and uncompensated care policies remaining intact.

Tenet Healthcare announced in December 2014 that they had signed a letter of intent with the Baptist hospital system in Birmingham, Alabama to form a joint venture to own and operate the four Baptist hospitals plus Brookwood Medical Center, already owned by Tenet Healthcare.

In March 2015, Tenet Healthcare announced an agreement to acquire a majority interest in United Surgical Partners International, which would make Tenet Healthcare the largest operator of outpatient surgery centers in the United States.

Bill Wilcox remained CEO of USPI, and Kyle Burtnett of Tenet Healthcare joined USPI as chief integration officer, among other roles.

Early in September 2015, Tenet Healthcare acquired a majority interest in a three-hospital system in Tucson, Arizona, when Tenet Healthcare, Dignity Health and Ascension Health formed a joint venture to own and operate the Carondelet Health Network.

In 2015, Tenet Healthcare announced the acquisition of Baptist Health System of Birmingham, Alabama.

Tenet Healthcare announced that the sale of three Houston hospitals and other facilities to HCA Healthcare was finalized in August 2017.

Tenet Healthcare increased its ownership in USPI to 95 percent in April 2018.

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In January 2019, Tenet Healthcare sold its three remaining Chicago-area for-profit hospitals to Los Angeles-based Pipeline Health, which is partially owned and operated by Eric E Whitaker.

That December 2020, Tenet Healthcare acquired the controlling interest in 45 ambulatory surgery centers from SurgCenter Development.

Tenet Healthcare agreed to a 5-year corporate integrity agreement with the U S Department of Health and Human Services.

In order for the hospital to continue receiving Medicare reimbursements, Tenet Healthcare was compelled by federal regulators to sell the hospital which was renamed Shasta Regional Medical Center.

In 2004, Tenet Healthcare paid an additional $395 million to 769 patients to settle litigation for the unnecessary surgeries.

In June 2006, Tenet Healthcare agreed to pay $725 million in cash and give up $175 million of Medicare payments for a total of $900 million in fees to resolve claims it defrauded the federal government for over-billing Medicare claims during the 1990s.

In June 2006, Tenet Healthcare announced it planned to sell Memorial Medical Center and three other hospitals in the greater New Orleans area.

In 2015, CNN reported that Tenet Healthcare had lobbied the governor of Florida Rick Scott as well as Republican Party Florida legislators in order to remove hospital standard rules for pediatric heart surgeries after one of its hospitals failed to meet standards.

The group University Pediatricians has had an exclusive contract with the Detroit Medical Center and DMC's owner, Tenet Healthcare, decided that doctors from Wayne Pediatrics would lose their affiliation with the hospital and doctors with Wayne Pediatrics would not be able to treat or admit patients at the hospital.

The union's head said that with the onset of the Covid-19 pandemic, nurses faced an even higher workload and that Tenet Healthcare received large amounts of money from the CARES Act while simultaneously furloughing nurses.

Tenet Healthcare subsidiaries operate free-standing and provider-based outpatient centers, including diagnostic imaging centers, ambulatory surgery centers, off-campus emergency departments and urgent care centers.

Tenet Healthcare has received various honors for the company, including its operations and leadership.

In 2012, Tenet joined GE and Verizon in supporting the launch of the Clinton Health Matters Initiative, created by the William J Clinton Foundation to build on its work on global health and childhood obesity.

In 2014, Tenet Healthcare was a presenting sponsor of the third annual Clinton Foundation Health Matters Conference in La Quinta, California.