Company Announcements

Tenet and Aetna Sign Multi-Year Agreement

Source: Business Wire

DALLAS--(BUSINESS WIRE)--Jun. 24, 2019-- Tenet Healthcare Corporation (NYSE: THC) and Aetna, a CVS Health company, (NYSE: CVS), today announced that they have entered into a new multi-year agreement that provides Aetna members with continued in-network access to all of Tenet’s hospitals, emergency centers, outpatient centers and employed physicians. The agreement is for a term of four years with an option to extend for a fifth year.

Ron Rittenmeyer, Executive Chairman and CEO of Tenet, said, “We value our relationship with Aetna and look forward to continuing to provide their members with high-quality, cost-effective care and service. This agreement supports the hard work of our thousands of caregivers who are passionate about keeping our communities healthy and ensuring access to the very best care.”

Karen S. Lynch, President, Aetna and Executive Vice President, CVS Health said, “Renewing our contract with Tenet provides Aetna members broader access to quality healthcare services around the country. Tenet has a robust network of trusted facilities and physicians to meet the many different healthcare needs of the people we serve.”

About Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) is a national diversified healthcare services company headquartered in Dallas, TX, with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 500 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other outpatient facilities. We also operate Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other customers. At the center of everything we do is a commitment to deliver the right care, in the right place, at the right time, and to continually improve and advance the healthcare delivery system in the markets we serve. For more information, please visit www.tenethealth.com.

The terms “THC”, “Tenet Healthcare Corporation”, “the company”, “we”, “us” or “our” refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

About Aetna

Aetna, a CVS Health business, serves an estimated 39 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world. @AetnaNews

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.

Source: Tenet Healthcare Corporation

Investor Contact:
Brendan Strong
469-893-6992
investorrelations@tenethealth.com

Media Contact:
Lesley Bogdanow
469-893-2640
mediarelations@tenethealth.com

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