Tenet Healthcare
American healthcare company / From Wikipedia, the free encyclopedia
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Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships,[7] including United Surgical Partners International (USPI),[8] the company operates 65 hospitals and over 450 healthcare facilities.[9] Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
This article needs to be updated. (April 2024) |
Company type | Public company |
---|---|
Industry | Healthcare |
Predecessors |
|
Founded | 1969; 55 years ago (1969) |
Headquarters | Dallas, Texas, U.S. |
Key people | Ronald Rittenmeyer, (Former Executive chairman) Saum Sutaria, M.D., (CEO) |
Services | Healthcare services |
Revenue | US$17.64 billion (2020)[1][2][3] |
US$1.99 billion (2020)[1][2][4] | |
US$399 million (2020)[1][2][4] | |
Total assets | US$27.11 billion (2020)[1][4] |
Total equity | US$937 million (2020)[1][4] |
Number of employees | 102,000 (2021)[5][4][6] |
Subsidiaries | United Surgical Partners International Conifer Health Solutions |
Website | www |
Since its founding in 1969,[10] Tenet has expanded significantly. Among other major acquisitions and formations, Tenet founded Conifer Health Solutions in 2008,[11] MedPost Urgent Care in 2014,[12] and in 2013 acquired Vanguard Health Systems, Inc., an investor-owned hospital company whose operations complemented Tenet's existing business.[13] The acquisition created the third-largest investor-owned hospital company in the United States in terms of revenue and the third-largest in number of hospitals owned.[14] In 2015, Tenet acquired USPI, which created the largest operator of outpatient surgery centers in the United States.[8] In 2021, the company ranked 167th in the Fortune 500.[2]
The company has settled a number of multimillion dollar settlements related to defrauding Medicare, Medicaid, and patients, which includes admitting psychiatric patients who did not need hospitalization and then charging these patients inflated prices.