SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
(CURRENT REPORT)
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: AUGUST 15, 1999
(DATE OF EARLIEST EVENT REPORTED)
COMMISSION FILE NUMBER: 1-7293
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TENET HEALTHCARE CORPORATION
(Exact name of Registrant as specified in its charter)
NEVADA 95-2557091
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3820 STATE STREET
SANTA BARBARA, CALIFORNIA 93105
(Address of principal executive (Zip Code)
offices)
AREA CODE (805) 563-7000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
SALE OF ASSETS
On August 15, 1999, Tenet Healthcare Corporation, a Nevada corporation
(the "Company"), signed a definitive agreement with IASIS Healthcare
("IASIS"), pursuant to which the Company will sell 10 general hospitals and
certain related assets to IASIS. The hospitals being sold are: St. Luke's
Medical Center (including St. Luke's Behavioral Health Center), Mesa General
Hospital and Tempe St. Luke's Hospital, all in the Phoenix, Arizona, area;
Memorial Hospital of Tampa, Town & Country Hospital and Palms of Pasadena
Hospital, all in the Tampa/St. Petersburg, Florida, area; Odessa Regional
Hospital, Odessa, Texas; Southwest General Hospital, in San Antonio, Texas;
and Mid-Jefferson Hospital and Park Place Medical Center, both in the
Beaumont/Port Arthur, Texas, area. During the month of August the Company
also entered into a definitive agreement to sell Columbia Regional Hospital
in Columbia, Missouri.
Each of the transactions is subject to the receipt of regulatory approvals
and the satisfaction of various other conditions. The transactions are
scheduled to close during the Company's second fiscal quarter, which ends
November 30, 1999. The Company anticipates that it will use the proceeds from
the sale to reduce the balance outstanding under its revolving credit agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS
Not applicable
(b) PRO FORMA FINANCIAL STATEMENTS
Not applicable
(c) EXHIBITS
Not applicable
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
TENET HEALTHCARE CORPORATION
By: /s/ RAYMOND L. MATHIASEN
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Raymond L. Mathiasen
Executive Vice President and
Chief Accounting Officer
August 24, 1999
EXHIBIT INDEX
Number Exhibit
Not applicable Not applicable