Press release from Business Wire
Tenet Acquires Majority Interest in Texas Regional Medical Center in Sunnyvale, Texas
Tuesday, June 03, 2014
Tenet Acquires Majority Interest in Texas Regional Medical Center in Sunnyvale, Texas17:11 EDT Tuesday, June 03, 2014
DALLAS (Business Wire) -- A subsidiary of Tenet Healthcare Corporation (NYSE:THC) has acquired a majority interest in Texas Regional Medical Center at Sunnyvale, a 70-bed hospital in Sunnyvale, Texas, located 15 miles east of downtown Dallas.
“We are pleased to add Texas Regional Medical Center to our network and look forward to working with the team of loyal and high-quality medical staff to bring additional services and investment to residents in the area,” said Trevor Fetter, president and chief executive officer of Tenet.
The addition of Texas Regional Medical Center complements Tenet's quality services at its three other Dallas-area hospitals – Lake Pointe Medical Center in Rowlett, Doctors Hospital of White Rock Lake in Dallas and Centennial Medical Center in Frisco – and 12 outpatient centers in the market. The hospital serves an area of Dallas with a population growth of 2.5 percent annually, which is nearly four times the national rate.
“Texas Regional Medical Center is a natural fit within Tenet's network of health services in the east Dallas area,” said Stephen Garrison, chief executive officer of Texas Regional Medical Center. “We are excited to join the talented physicians, nurses and staff of Tenet Healthcare.”
Open since 2009, Texas Regional Medical Center is a comprehensive community hospital with services that include a cardiovascular center, spine program, obstetrics program and neonatal intensive care unit, surgical weight loss program and an emergency department. Physician owners continue to retain a minority interest in the hospital.
Tenet Healthcare Corporation, a leading healthcare services company, through its subsidiaries operates 78 hospitals, 189 outpatient centers and Conifer Health Solutions, a leader in business process solutions for healthcare providers serving more than 700 hospital and other clients nationwide. Tenet's hospitals and related healthcare facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.
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Tenet Healthcare Corporation
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