Tenet Healthcare Sells Majority Interest in Brookwood Baptist Health for $910M
Slice of Healthcare Team
Aug 13, 2024
Key Highlights
- Tenet Healthcare sells 70% majority ownership in Brookwood Baptist Health to Orlando Health for $910 million.
- Transaction includes five hospitals and affiliated physician practices in Birmingham, Alabama.
- Conifer Health Solutions enters a ten-year expanded contract for revenue cycle management services.
- Estimated $375 million pre-tax book gain anticipated from the transaction.
Source: Business Wire
Notable Quote
“ Orlando Health is an esteemed, high-performing healthcare organization with an over century-long commitment to improving the health and wellness of the communities they serve. Integration of these hospitals into their network will advance healthcare for the greater Birmingham communities. ”
Saum Sutaria, M.D., Chairman and CEO at Tenet Healthcare
