Profile: Tenet Healthcare Corporation (THC)

Tenet Healthcare Corporation (Tenet) is an investor-owned health care services company, whose subsidiaries and affiliates principally operate general hospitals and related health care facilities. The Company’s operations are conducted through its subsidiaries. As of December 31, 2008, Tenet’s subsidiaries operated 53 general hospitals, a cancer hospital and a critical access hospital, with a combined total of 14,352 licensed beds, serving urban and rural communities in 12 states. Of those general hospitals, 45 were owned by the Company’s subsidiaries and eight were owned by third parties and leased by its subsidiaries (including one hospital Tenet owned located on land leased from a third party). In August 2008, the Company announced that it has completed the previously disclosed sale of its entire interest in Broadlane, Inc. to TowerBrook Capital Partners L.P. In November 2008, the Company announced the formation of a wholly owned operating subsidiary, Conifer Health Solutions, Inc. (Conifer). On March 31, 2008, Tenet completed the sale of North Ridge Medical Center in Ft. Lauderdale, Florida.

As of December 31, 2008, Tenet subsidiaries operated various related health care facilities, including a rehabilitation hospital, a long-term acute care hospital, a nursing facility and a number of medical office buildings, all of which are located on, or nearby, one of its general hospital campuses. In addition, its subsidiaries operated physician practices, captive insurance companies and other ancillary health care businesses (including outpatient surgery centers, diagnostic imaging centers and occupational and rural health care clinics) and owned interests in two health maintenance organizations.

The Company’s operations are organized into four regions and one separate market: Tenet’s California region includes all of its hospitals in California, as well as its hospital in Nebraska; the Central region includes all of its hospitals in Missouri, Tennessee and Texas; the Florida region includes all of its hospitals in Florida; the Southern States region includes all of its hospitals in Alabama, Georgia, Louisiana, North Carolina and South Carolina, and the Company’s two hospitals in Philadelphia, Pennsylvania are part of a separate market.

The Company sold two of the general hospitals, San Dimas Community Hospital and Garden Grove Hospital and Medical Center on June 30, 2008. In May 2008, the Company opened its newly constructed Sierra Providence East Medical Center, a 110-bed acute care facility, in El Paso Texas. Each of Tenet’s general hospitals offers acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories and pharmacies. In addition, it offers intensive care, critical care and/or coronary care units, physical therapy and orthopedic, oncology and outpatient services. A number of the hospitals also offer tertiary care services, such as open-heart surgery, neonatal intensive care and neuroscience.

Four of the Company’s hospitals, USC University Hospital, Saint Louis University Hospital, Hahnemann University Hospital and St. Christopher’s Hospital for Children offer quaternary care in areas, such as heart, lung, liver and kidney transplants. USC University Hospital, Sierra Medical Center and Good Samaritan Hospital also offer gamma-knife brain surgery; USC University Hospital and Saint Louis University Hospital offer cyberknife surgery for tumors and lesions in the brain, lung, neck and spine, and St. Christopher’s Hospital for Children, Saint Louis University Hospital, Hahnemann University Hospital and USC Kenneth Norris Jr. Cancer Hospital offer bone marrow transplants.