The Definitive Blog

Tenet Acquires Majority Interest in Texas Regional Medical Center

For more news on mergers and acquisitions, you can view the entire newsletter or our newsletter archive.

06/03/2014

According to Business Wire, a subsidiary of Tenet Healthcare Corporation has acquired a majority interest in Texas Regional Medical Center at Sunnyvale, a 70-bed hospital in Sunnyvale, Texas, located 15 miles east of downtown Dallas.

“We are excited to join the talented physicians, nurses and staff of Tenet Healthcare.”

“We are pleased to add Texas Regional Medical Center to our network and look forward to working with the team of loyal and high-quality medical staff to bring additional services and investment to residents in the area,” said Trevor Fetter, president and chief executive officer of Tenet.

The addition of Texas Regional Medical Center complements Tenet’s quality services at its three other Dallas-area hospitals – Lake Pointe Medical Center in Rowlett, Doctors Hospital of White Rock Lake in Dallas and Centennial Medical Center in Frisco – and 12 outpatient centers in the market. The hospital serves an area of Dallas with a population growth of 2.5 percent annually, which is nearly four times the national rate.

June 17, 2014