Tenet Announces New Home Office, Regional Leadership Changes

Tenet Announces New Home Office, Regional Leadership Changes

DALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYS: THC) today announced three executive appointments supporting home office and regional operations. As part of these changes, Molly O'Neill, 49, has been named senior vice president of business development; John Holland, 56, will become senior vice president of the company's hospital operations; and Michael Graue, 57, will succeed Holland as senior vice president of operations for the Southern States region. All three positions will report directly to Britt T. Reynolds, president of hospital operations.

As senior vice president of business development, O'Neill will oversee marketing, volume building and service line growth, as well as other business development activities within the company. She joins Tenet with more than 25 years of experience in healthcare marketing and consulting, and most recently served as senior vice president and chief strategy and business development officer for Ascension Health Care Network. Before that, she served as vice chancellor for integrated planning and chief strategic planning and marketing officer at Duke Medicine in Durham, N.C.

"Molly is a seasoned executive with a keen understanding of the business opportunities and challenges that healthcare providers face," Reynolds said. "I'm confident she will be a major asset as we continually strive to increase our volume growth and identify innovative approaches to better meet the healthcare needs of patients and families in the communities we serve."

Holland will be taking on the new role of senior vice president of hospital operations, playing an integral role in Tenet's acquisition and development activities to strengthen the company's position in existing markets and create and expand on opportunities for future growth. He has been with Tenet, or one of its predecessor companies, since 1983 and spent the past seven years serving as regional senior vice president for the company's Southern States region. Additionally, Graue, a seasoned healthcare executive with more than 30 years of experience, will be joining Tenet as regional senior vice president of the Southern States. In this role, he will oversee all strategic, operational and clinical activities for the region's 12 acute care hospitals and related healthcare services. Prior to this role, Graue most recently served as executive vice president and chief operating officer at WellStar Health System in Marietta, Ga. Previously, Graue served in a variety of senior leadership roles at leading healthcare companies, including chief executive officer and market president.

"John is an experienced healthcare executive with strong knowledge of our hospital operations, and we are confident that his superior leadership skills coupled with his extensive familiarity with our company will serve him well in his new role," said Reynolds. "Additionally, we are pleased to welcome Mike to Tenet. His experience as a healthcare executive with major hospital systems makes him the right person to lead the Southern States and drive future success and alignment in the region."

As part of the regional support transition, Tenet will be relocating the Southern State's business operations from its headquarters in Dallas, Texas, to Atlanta, Ga., in an effort to position the leadership team closer to and create greater alignment with the hospitals they support.

Reynolds added, "These three seasoned healthcare leaders add versatility and talent that will complement our already stellar regional and home office leadership teams. I look forward to working collaboratively with each of them and our existing teams to further build upon the significant progress we've achieved to date in 2013."

This document contains "forward-looking statements" - that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the factors disclosed under "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2012, our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The Company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.

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

Tenet Healthcare Corporation
Steven Campanini, 469-893-2640
Thomas Rice, 469-893-2522

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