---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-23-000058"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:35:03.473415+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tenet sells three SC hospitals to Novant for $2.4B cash; expects ~$1.6B pre-tax gain

## Summary
- Sale includes Coastal Carolina, East Cooper Medical, Hilton Head hospitals and related operations.
- LTM revenue of $552M, pre-tax income $126M, Adjusted EBITDA $150M (12 mo. ended Sep 30, 2023).
- After-tax proceeds ~$1.75B; proceeds primarily for debt retirement.
- Conifer Health enters new 15-year revenue cycle management contract for the sold hospitals.
- Transaction expected to close Q1 2024, subject to HSR and regulatory approvals.

## SEC filing metadata
- accession: 0000070318-23-000058
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031823000058/0000070318-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031823000058/thc-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-23-000058
- JSON: https://secwatch.observer/filing/0000070318-23-000058.json
- Plain text: https://secwatch.observer/filing/0000070318-23-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.