Tenet Healthcare Corporation THC
and Aetna, which is a CVS Health company CVS, recently entered into
a new multi-year deal.
Per the deal, Aetnaâs s members will have in-network accessibility
to all the hospitals, emergency centers, outpatient centers and
physicians of Tenet Healthcare.
This contract is for four years and is likely to extend to another
With this pact, Tenet Healthcare looks forward to providing
high-quality and affordable healthcare services to the members. The
transaction supports the commitment of the companyâs employees, who
constantly work hard on keeping the communities healthy and
ensuring that they get the best health outcomes.
Notably, Aetna members would be able to gain traction from the
access to advanced healthcare services across the country.
Tenet Healthcare boasts a strong network of reliable facilities and
physicians that can cater to the diverse healthcare needs of
This deal is a significant move by Tenet Healthcare, which helps it
reach its goal to associate with insurance companies for providing
best in-class, feasible and affordable services to its members.
Tenet Healthcare and Aetna have been working on forging a
partnership for the past many years, and this alliance is an
extension of the same.
Tenet Healthcare has an impressive inorganic growth profile. It has
made numerous acquisitions, partnerships and strategic alliances,
aimed primarily at boosting its scale of business, operating
capacity and an expanding geographical presence. The company has
constantly teamed up with industry biggies like Blue Cross Blue
Shield of Texas, Cigna Corp. CI, UnitedHealth, Humana Inc. HUM and
so on. All these initiatives bode well for the companyâs long-term
Shares of this Zacks Rank #3 (Hold) company have lost 44.5% in a
yearâs time against its industryâs growth of 7.5%. You can see
the complete list of todayâs Zacks #1 Rank (Strong Buy)
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