Tenet sells 3 SC hospitals for $2.4B, agrees to sell 4 CA hospitals for $975M; FY23 EBITDA above guidance high end

TENET HEALTHCARE CORP

Completed sale of three SC hospitals (Coastal Carolina, Hilton Head, East Cooper) to Novant for $2.4B cash.
Definitive agreement to sell four CA hospitals (Fountain Valley, Lakewood, Los Alamitos, Placentia Linda) to UCI Health for $975M.
Preliminary FY23 Adjusted EBITDA expected above high end of guidance, with $52M Medicaid adjustments and strong USPI surgical growth.
Four CA hospitals generated ~$1B revenue, $29M pre-tax income, $71M Adjusted EBITDA in 2023; estimated pre-tax gain ~$500M.
Combined tax benefit from both transactions ~$190M in 2024; transactions expected to close spring 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.