Tenet Healthcare was founded in 1967 by Richard Eamer, Leonard Cohen, and John Bedrosian as National Medical Enterprises (NME).
The company grew quickly, and by 1973 owned and operated 23 hospitals as well as a home health care business.
In 1981 NME became the third-largest healthcare company in the United States with 193 hospitals and nursing homes.
In 1994 NME acquired American Medical Holdings for $3.35 billion, subsequently changing its name to Tenet Healthcare Corporation after the acquisition.
Today Tenet Healthcare operates 80 acute care hospitals in 14 states with more than 20,000 beds. The company also operates specialty hospitals, nursing facilities, physician practices, outpatient centers, health plans, and health care units.
Tenet Healthcare is publicly traded on the New York Stock Exchange under the ticker symbol THC, is a member of the S&P 500, is #253 in the Fortune 500, has over 75,000 employees, and had $12.64 billion in revenue in 2013.
Tenet Healthcare Corporation
Tenet Healthcare was founded in 1967 by Richard Eamer, Leonard Cohen, and John Bedrosian as National Medical Enterprises (NME).
The company grew quickly, and by 1973 owned and operated 23 hospitals as well as a home health care business.
In 1981 NME became the third-largest healthcare company in the United States with 193 hospitals and nursing homes.
History
In 1994 NME acquired American Medical Holdings for $3.35 billion, subsequently changing its name to Tenet Healthcare Corporation after the acquisition.
Today Tenet Healthcare operates 80 acute care hospitals in 14 states with more than 20,000 beds. The company also operates specialty hospitals, nursing facilities, physician practices, outpatient centers, health plans, and health care units.
Tenet Healthcare is publicly traded on the New York Stock Exchange under the ticker symbol THC, is a member of the S&P 500, is #253 in the Fortune 500, has over 75,000 employees, and had $12.64 billion in revenue in 2013.
