Tenet to Acquire Emanuel Medical Center in Turlock, Calif.

  Tenet to Acquire Emanuel Medical Center in Turlock, Calif.

Business Wire

DALLAS -- February 21, 2013

Tenet Healthcare Corporation (NYSE: THC) today announced that it has entered
into a definitive agreement to acquire Emanuel Medical Center, a 209-bed
hospital located in Turlock, Calif. The acquisition of Emanuel Medical Center
represents a significant step in expanding Tenet’s integrated healthcare
network in California’s Central Valley region. Emanuel Medical Center will
join Doctors Medical Center of Modesto and Doctors Hospital of Manteca in
providing patient-centered care in the region. Terms of the transaction were
not disclosed.

As part of the enhanced network, these hospitals will build upon their
existing base of high-quality services and improve the efficiency and
coordination of healthcare delivery in the communities they serve. The
acquisition strongly positions the network to improve patient care by
integrating physician organizations, developing additional outpatient
facilities in locations convenient for patients, and expanding Tenet’s
accountable care offerings in the Central Valley to include Emanuel Medical
Center.

“The combination of Emanuel Medical Center with Tenet’s existing hospitals
represents the alignment of leading healthcare organizations with a long
history of providing high-quality patient care in the Central Valley region,”
said Jeff Koury, senior vice president for Tenet’s California region. “We all
share the same deep commitment to meeting the community’s healthcare needs and
providing patients with expanded choices for care as part of an integrated
healthcare network.”

Through this acquisition Emanuel will be part of Tenet’s broader healthcare
network, including the company’s nationally-recognized quality programs.
Emanuel Medical Center will retain its affiliation with the Evangelical
Covenant Church and its faith-based culture and practices. Tenet has
significant experience acquiring hospitals from faith-based organizations,
such as the Catholic and Baptist churches, and maintaining their religious
identities and missions.

“Emanuel Medical Center is a natural fit for Tenet’s expanding network in the
Central Valley to provide the community and our patients coordinated care that
is close to home. We are excited to work with the dedicated and talented
employees and physicians of Emanuel Medical Center who provide exemplary
medical care within the community,” commented Koury.

This transaction is subject to customary approvals and other closing
conditions. Tenet expects to complete the acquisition in the second quarter of
2013.

Tenet Healthcare Corporation, a leading health care services company, through
its subsidiaries operates 49 hospitals, over 117 free-standing outpatient
centers and Conifer Health Solutions, a leader in business process solutions
for health care providers serving more than 600 hospital and other clients
nationwide. Tenet’s hospitals and related health care facilities are committed
to providing high quality care to patients in the communities they serve. For
more information, please visit www.tenethealth.com.

This document contains “forward-looking statements” – that is, statements that
relate to future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance and financial condition, and often contain words such as “expect,”
“anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.”
Forward-looking statements by their nature address matters that are, to
different degrees, uncertain. Particular uncertainties that could cause our
actual results to be materially different than those expressed in our
forward-looking statements include the factors disclosed under
“Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year
ended December 31, 2011, our quarterly reports on Form 10-Q, periodic reports
on Form 8-K and other filings with the Securities and Exchange Commission. The
information contained in this release is as of the date hereof. The Company
assumes no obligation to update forward-looking statements contained in this
release as a result of new information or future events or developments.

 Tenet uses its company website to provide important information to investors
 about the company including the posting of important announcements regarding
              financial performance and corporate developments.

Contact:

Tenet Healthcare Corporation
Media:
Rick Black, 469-893-2647
Rick.Black@tenethealth.com
or
Investors:
Thomas Rice, 469-893-2522
Thomas.Rice@tenethealth.com
 
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