---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-24-000008"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:07:16.053766+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tenet completes sale of three SC hospitals to Novant Health for $2.4B cash, expects ~$1.7B pretax gain

## Summary
- Completed sale of three South Carolina hospitals plus affiliated physician practices and other operations to affiliates of Novant Health for $2.4B cash (subject to customary adjustments).
- Transaction expected to generate a pretax gain of approximately $1.7B; income tax expense favorably impacted by ~$150M in 2024.
- Pro forma balance sheet shows cash increase to $3.45B and net gain of $1.1B after tax; retained earnings deficit becomes positive.
- Pro forma revenue for FY2022 reduced by $534M (to $18.64B) and for 9M2023 by $412M (to $14.76B) reflecting removal of divested operations.
- Sale proceeds net of $5M transaction costs; net book value of divested assets $284M, goodwill allocated $425M.

## SEC filing metadata
- accession: 0000070318-24-000008
- 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: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031824000008/0000070318-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031824000008/thc-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-24-000008
- JSON: https://secwatch.observer/filing/0000070318-24-000008.json
- Plain text: https://secwatch.observer/filing/0000070318-24-000008.txt

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