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THC Tenet Healthcare Corporation New

133.69
0.00 (0.00%)
04 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tenet Healthcare Corporation New NYSE:THC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 133.69 0 01:00:00

Tenet Announces the Promotion of Saum Sutaria to President and COO

12/11/2019 1:30pm

Business Wire


Tenet Healthcare (NYSE:THC)
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Tenet Healthcare Corporation (NYSE: THC) today announced that Chief Operating Officer Saum Sutaria, M.D., has been promoted to President and COO of Tenet, effective immediately. As President and COO, Sutaria will continue to be responsible for the company’s Hospital Operations segment, which includes acute care hospitals, hospital-affiliated outpatient centers and employed physicians. Additionally, he will assume direct responsibility for United Surgical Partners International and Conifer Health Solutions. Sutaria will continue reporting to Executive Chairman and Chief Executive Officer Ron Rittenmeyer.

“This promotion of Saum reflects my tremendous confidence in his leadership,” said Rittenmeyer. “Since joining the company as COO, Saum has demonstrated superb business judgment and greatly contributed to the improvements in our financial results over the last few quarters. Equally important, Saum is passionate about growing our leaders of tomorrow and fostering a culture of the highest integrity and accountability. The Board and I believe these elements, which are reflected in the company’s new mission, vision and values, are fundamental to harnessing the enormous potential of this great enterprise.”

“There is no doubt in my mind about the opportunities we have ahead of us – both as a business and as a critical pathway along the healthcare journeys of the individuals and families we serve,” said Sutaria. “I am honored to take on this expanded role and look forward to working together with Ron and teams across the enterprise to continue our transformation.”

Prior to joining Tenet as COO in January 2019, Sutaria worked for McKinsey & Company for 18 years. At McKinsey, he was a leader in the healthcare and private equity practices, serving clients on strategic, operational and financial issues. He received an M.D. from the University of California, San Diego, and completed post graduate training at the University of California at San Francisco, where he previously held an associate clinical faculty position. He received a BS in molecular and cellular biology and a BA in economics, both from the University of California, Berkeley.

About Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas 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 care sites and clinics. 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. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.com.

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

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

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