Tenet Announces Definitive Agreement with Pipeline Health and TWG Partners Regarding the Sale of Tenet’s Three Chicago-Area Hospitals
The facilities included in the sale are Louis A. Weiss Memorial Hospital, Westlake Hospital and West Suburban Medical Center, as well as other local operations affiliated with the hospitals. The transaction is expected to be completed in the fourth quarter of 2018, subject to regulatory approvals and customary closing conditions. Pipeline Health will manage the hospitals upon completion.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services company with 115,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International, the Company operates general acute care and specialty hospitals, ambulatory surgery centers, urgent care centers and other outpatient facilities in the United States and the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.
About Pipeline Health
Pipeline Health, LLC is an innovative hospital management company with a proven track record of providing high quality healthcare at health systems nationwide. With a unique base of experience spanning the entire clinical eco-system, Pipeline’s unique perspective allows it to craft strategies specific to the local dynamics of the communities it serves. Pipeline’s goal is to maximize access to the highest quality care and deliver it cost effectively with a focus on customer service and clinical excellence.
About TWG Partners
TWG Partners, LLC was formed by Eric E. Whitaker, MD, MPH in November 2011 for the purpose of advancing the ownership and development of health-related technology and services companies for the Medicaid, Medicare and Dual-Eligible populations. Over the past five years, TWG helped co-found two health insurance companies (Symphonix Health and Next Level Health Partners, LLC), in addition to investing in other existing healthcare companies. TWG is an African American-owned, qualified minority business enterprise (“MBE”). Mr. Whitaker previously served as Executive Vice President and Associate Dean of the University of Chicago Medical Center and also as Director of the Illinois Department of Public Health.
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