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New Deal


Announced

Novant Health to acquire three hospitals from Tenet Healthcare for $2.4bn.

Financials

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Transaction Value£1,931m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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hospitals

Acquisition

Single Bidder

United States

Health Care Facilities

Domestic

Majority

Private

Pending

Friendly

Synopsis

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Novant Health, an integrated network of hospitals, physician clinics and outpatient facilities, agreed to acquire three hospitals from Tenet Healthcare, a diversified healthcare services company, for $2.4bn. "We're excited about making this long-term investment for healthcare across our region. As a health system rooted in the Carolinas, we are committed to expanding the communities we serve across our regional delivery network known for safe, quality, patient-centered care in South Carolina. Across the region – from Wilmington to Conway and Myrtle Beach, and now Charleston, Hilton Head, and Hardeeville – Novant Health is uniquely positioned to provide compassionate, expert, affordable, and personalized care that is easy to access and understand. This investment is the next phase of a long-term vision to improve the health and wellness of communities across South Carolina," Carl S. Armato, Novant Health President and CEO.

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