---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-24-000020"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:33:06.181460+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tenet sells two California hospitals for $550M cash; Conifer to partner with Adventist Health

## Summary
- Sale of Sierra Vista Regional Medical Center and Twin Cities Community Hospital for $550M (after-tax ~$450M).
- Divested facilities generated 2023 revenue of $337M, pre-tax income $25M, Adjusted EBITDA $38M.
- Tenet estimates a pre-tax book gain of ~$275M on the transaction.
- Conifer Health Solutions will provide revenue cycle services for Adventist Health, covering over $3.5B in net revenue.
- Transaction expected to close spring 2024, subject to regulatory approvals including HSR.

## SEC filing metadata
- accession: 0000070318-24-000020
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031824000020/0000070318-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031824000020/thc-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-24-000020
- JSON: https://secwatch.observer/filing/0000070318-24-000020.json
- Plain text: https://secwatch.observer/filing/0000070318-24-000020.txt

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