UnitedHealth is Among Suitors Circling Tenet's Conifer Business -- Sources
19 July 2018 - 8:24AM
Dow Jones News
By Dana Mattioli and Melanie Evans
UnitedHealth Group Inc. is among suitors exploring an
acquisition of Tenet Healthcare Corp.'s health-care-management
subsidiary, according to people familiar with the matter, as the
industry giant pursues further expansion.
Tenet, one of the largest U.S. hospital companies, has said it
would weigh a sale of the unit, Conifer Health Solutions, which
provides services to hospitals and physician groups. Tenet said it
would make a decision in the first half of 2018 on Conifer, which
accounted for about 8% of its revenue last year.
It isn't clear whom the other suitors may be, and it isn't
guaranteed UnitedHealth or anyone else will ultimately strike a
deal for the business, which Tenet has said it may not sell.
Should there be a deal, it could value Conifer at $2 billion or
more, analysts have estimated.
Anna Wilde Mathews contributed to this article.
(END) Dow Jones Newswires
July 18, 2018 18:09 ET (22:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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