UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01. | Other Events. |
As previously disclosed, on December 12, 2019, certain subsidiaries of Tenet Healthcare Corporation (the “Company”) entered into a definitive agreement (the “Asset Sale Agreement”) for the sale of the Company’s two Memphis-area hospitals and certain related facilities to Methodist Le Bonheur Healthcare, a non-profit healthcare system (the “Proposed Transaction”). In connection with the Asset Sale Agreement, the Company subsequently filed notification and report forms under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with the U.S. Federal Trade Commission (the “FTC”) and the U.S. Department of Justice (the “Sale Submissions”).
On November 13, 2020, the FTC authorized suit in federal court and filed an administrative complaint alleging the Proposed Transaction violates certain provisions of the Clayton Act and FTC Act. The Company responded to the complaint in the administrative proceeding on November 27, 2020 and to the complaint in the federal action on December 7, 2020. Subsequently, the Company determined that it no longer intends to pursue the Proposed Transaction. The Company withdrew its Sale Submission on December 23, 2020 and is working with the FTC to effectuate dismissal of the federal and administrative proceedings.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TENET HEALTHCARE CORPORATION | ||||||
Date: December 23, 2020 | ||||||
By: | /s/ Audrey Andrews | |||||
Name: | Audrey Andrews | |||||
Title: | Executive Vice President, General Counsel and | |||||
Corporate Secretary |