Tenet is constantly on the shed assets, sells St. Louis hospital

Tenet Healthcare Corp. Friday announced it’d signed a definitive agreement to market Plusieurs Peres Hospital, in addition to physician practices and hospital-affiliated operations within the St. Louis area, to St. Luke’s Hospital.

The acquisitions allow St. Luke’s, a completely independent not-for-profit provider located in Chesterfield, Mo., to grow its footprint. Plusieurs Peres Hospital can also be located in the western St. Louis suburb.

Meanwhile, Dallas-based Tenet is constantly on the offload hospitals in non-core markets to pay for lower its $15 billion debt load.

The transaction is anticipated to become completed early this season pending customary regulatory approvals.

“In identifying a brand new owner for Plusieurs Peres Hospital included in ongoing changes to the network, we’ve centered on securing the hospital’s lengthy-term sustainability for the advantage of its patients, employees and also the physicians who practice there,” Ron Rittenmeyer, executive chairman and Chief executive officer of Tenet Healthcare, stated inside a statement.

Plusieurs Peres is Tenet’s last hospital within the St. Louis area, where the organization doesn’t have leading share of the market. Tenet can also be looking around its debt-collection business Conifer Health Solutions because it continues its restructuring plan which includes job cuts, reorganizing management, divesting hospitals and perhaps splitting up the business’s business segments.

Alex Kacik may be the hospital operations reporter for contemporary Healthcare in Chicago. Apart from hospital operations, he covers logistics, legal and finance. Before joining Modern Healthcare in 2017, Kacik covered various business beats for seven years within the Santa Barbara, California region. He received a bachelor’s degree in journalism from Cal Poly San Luis Obispo in Central California.

  Follow on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *