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Tenet Healthcare Company History Timeline

1969
Tenet was first incorporated in 1969, by attorneys Richard Eamer, Leonard Cohen and John Bedrosian, as National Medical Enterprises, NME and headquartered in Los Angeles, California.
1975
By 1975, NME owned, operated, and managed 23 hospitals and a home health care business.
1990
By 1990, the company had 200 hospitals in its network and was the second-largest hospital company in the United States.
1994
In 1994, NME bought American Medical Holdings for 3.35 billion, which strengthened its presence in Southern California and South Florida, and extended its reach into New Orleans, LA and Texas.
1995
The company was founded in March 1995 and is headquartered in Dallas, TX.
1996
In 1996, Tenet CEO Jeffrey Barbakow moved Tenet's headquarters from Santa Monica, California to Santa Barbara.
1998
In 1998, Tenet purchased eight Philadelphia hospitals owned by the bankrupt Allegheny Health, Education Research Foundation for 345 million.
2007
In 2007, Tenet appointed former Florida governor Jeb Bush to its board of directors to improve its reputation.
2008
In 2008, Tenet launched Conifer Health Solutions, a healthcare services company.
2009
By the end of 2009, the company rebounded to become the S P 500 s number 2 performer, with an operating revenue and net profit of 9 billion and 181 million, respectively.
2011
In May 2011, Tenet s board rejected a 7.3 billion takeover bid from Community Health Systems, Inc.
2012
In August 2012, Tenet sold its Creighton University Medical Center in Nebraska.
2013
In 2013, Tenet acquired Vanguard Health Systems, based in Nashville, TN, in a deal worth 4.3 billion.
2014
In March 2014, Tenet formed a partnership with the Yale New Haven Health System to create a healthcare delivery network in Connecticut.
Tenet launched MedPost Urgent Care in May 2014, which is a national network of urgent care centers.
In June 2014, Tenet acquired a majority interest in Texas Regional Medical Center, a 70-bed community hospital in Sunnyvale, TX, east of downtown Dallas.
In June 2014, Tenet opened Resolute Health Hospital in New Braunfels, Texas.
2015
On May 7, 2015, the Tenet board of directors appointed Trevor Fetter, Tenet's then president and CEO, as chairman of the board.
In 2015, Tenet announced the acquisition of Baptist Health System of Birmingham, Alabama.
2016
On October 3, 2016, it was announced that Tenet had agreed to pay a 514 million settlement in an agreement with the Department of Justice.
The merger was finalized in 2016 and the new subsidiary was renamed Brookwood Baptist Health.
2017
In October 2017, the press reported that a sale was no longer being considered.
Trevor Fetter stepped down as CEO in October 2017, and Ron Rittenmeyer was named CEO in addition to his position of executive chairman.
2019
Then, in February 2019 Whitaker announced that Pipeline Health would close Westlake Hospital within five months, keeping the other two open.
On July 24, 2019, Tenet announced it intended to spin-off Conifer Health Solutions into an independent publicly traded company.
Founded
1969
Company Founded
Headquarters
Dallas, TX
Company Headquarter

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