Tenet Announces Agreement with Keystone Mercy Health Plan

DALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYSE: THC) today announced that it has reached an agreement with Keystone Mercy Health Plan that covers Hahnemann University Hospital and St. Christopher’s Hospital for Children in Philadelphia, PA. The agreement also covers physicians employed by subsidiaries of the two hospitals. Financial terms of the agreement were not released.

Keystone Mercy, which is a Medicaid managed care program, serves more than 300,000 members in the Philadelphia area.

“This new agreement allows us to continue providing high quality care to the members of Keystone Mercy Health Plan,” said Stephen L. Newman, M.D., Tenet’s chief operating officer. “Hahnemann University Hospital and St. Christopher’s Hospital for Children offer patients access to a number of nationally recognized programs.”

“Together, these hospitals and their doctors offer a unique mix of adult and pediatric specialty services that makes them a key part of the Philadelphia community and we are pleased that our members can continue to use their programs and services,” said Jay Feldstein, D.O., president, PA Managed Care Plans, Keystone Mercy Health Plan.

Keystone Mercy Health Plan also has an agreement with Drexel University College of Medicine, which represents Hahnemann’s largest contingent of physicians.

Tenet Healthcare Corporation is a health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers and diagnostic imaging centers. Tenet’s hospitals and related healthcare facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.

Keystone Mercy Health Plan, a member of the AmeriHealth Mercy Family of Companies, is a Medical Assistance (Medicaid) managed care health plan serving more than 300,000 Medical Assistance recipients in southeastern Pennsylvania. Headquartered in Philadelphia, Keystone Mercy Health Plan is a mission-driven company dedicated to helping members get care, stay well, and build healthy communities. For more information, visit www.keystonemercy.com.

Some of the statements in this release may constitute forward-looking statements. Such forward-looking statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2009, our quarterly reports on Form 10-Q, and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.

Tenet uses its company web site to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.



CONTACT:

Tenet Healthcare Corporation
Media:
Rick Black, 469-893-2647
[email protected]
or
Investors:
Thomas Rice, 469-893-2522
[email protected]
or
Keystone Mercy Media:
Sonya Evans-Johnson, 215-937-8369
[email protected]

KEYWORDS:   United States  North America  Pennsylvania  Texas

INDUSTRY KEYWORDS:   Health  Hospitals

MEDIA:

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