For more than two years, Tenet Healthcare and our predecessor, Vanguard Health Systems, have worked with our partner, Yale-New Haven Health System, as well as elected officials and community leaders in Waterbury, Bristol, Manchester and Rockville to secure the continued availability of high-quality, affordable local hospital care for residents of those communities. 

We greatly appreciate the dedication and hard work of so many individuals and organizations to create a strong future for the hospitals serving these communities.  We respect the role the state regulators have in providing guidance and oversight to the healthcare industry, and understand the responsibility they take in discharging their duties.  Nonetheless, the extensive list of proposed conditions to be imposed on the Waterbury Hospital transaction, which is only the first of four transactions for which we've made applications, has led us to conclude that the approach to regulatory oversight in Connecticut would not enable Tenet to operate the hospitals successfully for the benefit of all stakeholders.  As a result, today we informed the Office of Health Care Access (OHCA) and the Attorney General that we are withdrawing our applications to acquire Waterbury Hospital, Saint Mary's Hospital, Bristol Hospital and Eastern Connecticut Health Network.

We appreciate and admire the leadership of these hospitals and Yale-New Haven Health System.  Throughout this journey they have consistently demonstrated the highest level of integrity and steadfast devotion to a singular purpose: preserving access to high-quality, local healthcare services for all residents of their communities.  It is our hope that by removing Tenet from the process at this time, these leaders will have the opportunity to identify and pursue alternatives to achieve that goal.

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Corporate Communications
Steven Campanini
469-893-2640
mediarelations@tenethealth.com

Investor Relations
Thomas Rice
469-893-6992
investorrelations@tenethealth.com


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