---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-24-000044"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:16:44.754934+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tenet to sell 70% stake in five Alabama hospitals to Orlando Health for $910M cash

## Summary
- Sale price $910M cash; after-tax proceeds ~$790M; pre-tax book gain ~$375M.
- Five hospitals: Brookwood, Princeton, Walker, Shelby, Citizens Baptist Medical Centers.
- 12-month pre-tax income ~$12M; Adj. EBITDA less NCI ~$60M on Tenet's 70% interest.
- Conifer Health Solutions gets new 10-year revenue cycle management contract for the facilities.
- Expected fall 2024 close; FY24 Adjusted EBITDA outlook reaffirmed per July 24 guidance.

## SEC filing metadata
- accession: 0000070318-24-000044
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2024-08-05T23:59:59+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/70318/000007031824000044/0000070318-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031824000044/thc-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-24-000044
- JSON: https://secwatch.observer/filing/0000070318-24-000044.json
- Plain text: https://secwatch.observer/filing/0000070318-24-000044.txt

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