Tenet Announces Agreement with Aetna® Better Health SM

DALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYSE: THC) today announced an agreement with Aetna Better Health in Pennsylvania that covers Hahnemann University Hospital and St. Christopher’s Hospital for Children. The new agreement also covers physicians who are employed by subsidiaries of the two hospitals.

Aetna Better Health, which began administering Medicaid benefits in Pennsylvania on April 1, 2010, serves more than 38,000 members in 15 counties in southeastern Pennsylvania and the Lehigh Valley/Capital areas.

“This new agreement will allow us to provide high quality care to the members of Aetna Better Health,” said Stephen L. Newman, M.D., Tenet’s chief operating officer. “Hahnemann University Hospital and St. Christopher’s Hospital for Children now participate in all managed Medicaid programs that cover the Philadelphia area.”

“Aetna Better Health values its relationships with key hospital systems in Pennsylvania,” said Deborah Nichols, chief executive officer of Aetna Better Health in Pennsylvania. “This new contract with Tenet Healthcare Corporation helps us offer broader hospital and physician access to our Philadelphia-area members.”

Aetna Better Health also completed a new agreement with Drexel College of Medicine that will become effective January 1, 2011, thereby enhancing its provider network with the largest contingent of physicians who practice at Hahnemann.

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 health care facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.

Aetna Better HealthSM is the name used for Aetna Medicaid plans in Connecticut, Illinois, Pennsylvania and Texas. Aetna owns and administers Medicaid plans in 10 states, serving more than 1.2 million members. It also provides care management services to Medicaid recipients in two additional states. For further information, visit www.aetnabetterhealth.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]

KEYWORDS:   United States  North America  Pennsylvania  Texas

INDUSTRY KEYWORDS:   Health  Hospitals  Professional Services  Insurance  Managed Care

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