Tenet Healthcare Corporation (NYSE:THC) and Aetna (NYSE:AET) signed a new, four-year agreement providing Aetna's commercial, Medicare Advantage, Medicaid and Coventry members with in-network access to Tenet's 87 hospitals, more than 2,130 employed physicians and 218 of the company's outpatient centers.

"We are pleased to have extended and expanded our long-standing relationship with Aetna," said Clint Hailey, Tenet's chief managed care officer. "It is always our goal to work collaboratively with insurance companies to bring high-quality, convenient and affordable options to its members. Aetna, our largest health plan customer, recognizes the value in having Tenet's hospitals and other care facilities in its networks, and we look forward to continue delivering trusted services to its members."

The new agreement is effective January 1, 2016 and includes the newest hospitals in Tenet's network: Baptist Health System in Birmingham, Alabama and Carondelet Health Network in Tucson, Arizona.

"Our agreement with Tenet gives our 8.5 million members access to high-quality healthcare," said Dan Finke, senior vice president and chief executive officer of Accountable Care Solutions from Aetna. "We look forward to continuing our relationship with Tenet."

The agreement also allows for both organizations to create accountable care networks to offer Aetna members the benefit of clinically integrated care.

About Tenet Healthcare

Tenet Healthcare Corporation is a diversified healthcare services company with more than 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International (USPI), the company operates 87 general acute care hospitals, 20 short-stay surgical hospitals and over 440 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet's Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks (IDN), physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.

The terms "THC", "Tenet Healthcare Corporation", "the company", "we", "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

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