Announced
Completed
Financials
Tags
Friendly
Private
Real Estate
Acquisition
Single Bidder
Majority
Domestic
Completed
Health Care Facilities
health care facilities
United States
Synopsis
Steward Health Care, a provider of medical and healthcare services, completed the acquisition of five hospitals of Tenet Healthcare, a multinational investor-owned healthcare services company, for c.$1.1bn. "Throughout the Covid-19 pandemic, we have been reminded of the critical role caregivers play in the health and wellness of our patients and our communities. We are eager to offer both patients and healthcare providers in South Florida the full support of the Steward network as we all seek to emerge stronger and healthier from the pandemic. As a Floridian with close family ties to the area, I am proud of Steward’s significant investment in the people of South Florida, whose tight-knit communities and vibrant diversity have always represented the very best of American culture," Ralph de la Torre, Steward Health Care Founder.
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