---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-24-000006"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:06:29.383131+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000070318-24-000006
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031824000006/0000070318-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031824000006/thc-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-24-000006
- JSON: https://secwatch.observer/filing/0000070318-24-000006.json
- Plain text: https://secwatch.observer/filing/0000070318-24-000006.txt

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