March 7, 2024 – Tenet Healthcare Company has entered right into a definitive settlement with Adventist Well being for the sale of two Tenet hospitals and associated operations in San Luis Obispo County. Tenet additionally introduced that its subsidiary Conifer Well being Options will enter into an settlement to supply income cycle providers for Adventist Well being.

The transaction consists of Sierra Vista Regional Medical Middle and Twin Cities Neighborhood Hospital, in addition to affiliated doctor practices and different associated operations. The deal is valued at roughly $550 million (after-tax proceeds of roughly $450 million).

The transaction is anticipated to shut in spring 2024, topic to customary regulatory approvals, approvals and shutting situations.

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