Tenet Completes Sale of USC University Hospital and Kenneth Norris Jr. Cancer Hospital

Tenet Healthcare Corporation (NYSE: THC) today announced that company subsidiaries have completed the previously disclosed sales of USC University Hospital and Kenneth Norris Jr. Cancer Hospital to the University of Southern California.

The transaction will generate cash proceeds of approximately $275 million from the sale of property and equipment. Approximately $30 million from these proceeds will be deferred and placed in an escrow account for up to four years. In addition, Tenet’s subsidiaries will retain substantially all of the hospitals’ working capital, which is expected to result in approximately $30 million of incremental cash proceeds. The proceeds will be used for general corporate purposes.

Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.

Some of the statements in this release may constitute forward-looking statements. Such 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, 2008, 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.