[LOGO]                                                            NEWS RELEASE

TENET HEALTHCARE CORPORATION
HEADQUARTERS OFFICE
3820 STATE STREET
SANTA BARBARA, CA 93105          CONTACTS
TEL (805) 563-6855               INVESTOR RELATIONS: PAUL RUSSELL (805) 563-7188
FAX (805) 563-6821               MEDIA RELATIONS: LANCE IGNON (805) 563-6975
HTTP://WWW.TENETHEALTH.COM


                    TENET HEALTHCARE ANNOUNCES REFINANCING

     SANTA BARBARA, CALIF. - MAY 4, 1998 - Tenet Healthcare Corp. (THC: NYSE, 
PSE) announced today that is offering $300 million of Senior Notes and $900 
million of Senior Subordinated Notes to qualified institutional investors 
through a private placement. The proceeds of this offering will be used to 
repurchase Tenet's 9 5/8% Senior Notes and 10 1/8% Senior Subordinated Notes 
that are the subject of a previously announced tender offer. Because the 
Notes are being offered through a private placement, they will not be and 
have not been registered under the Securities Act of 1933, as amended, and 
may not be offered or sold in the United States absent registration or an 
applicable exemption from registration requirements.

     Based in Santa Barbara, Calif., Tenet Healthcare, through its 
subsidiaries, owns and operates 124 acute care hospitals and numerous related 
healthcare services from coast to coast. The company employs 106,000 people 
serving communities in 18 states. Tenet's name reflects its core business 
philosophy: the importance of shared values between partners - including 
employees, physicians, insurers and communities - in providing a full 
spectrum of quality healthcare. Tenet can be found on the World Wide Web at 
WWW.TENETHEALTH.COM.



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