Tenet moves its corporate headquarters to downtown Dallas

by PegNews wire

DALLAS — Tenet Healthcare Corporation today announced it will move its corporate headquarters from North Dallas to Fountain Place at 1445 Ross Avenue. Most of the corporate functions currently performed at Tenet’s existing headquarters at 13737 Noel Rd., systematically will be transferred to downtown Dallas in the fourth quarter of 2009; the balance of the functions will move to a yet-to-be-determined satellite office elsewhere in the Dallas area.

“After nearly two years of careful study and analyses, we decided Fountain Place is the right fit for Tenet,” said Trevor Fetter, Tenet’s president and chief executive officer. “The move, coupled with our announcement earlier this week of improving financial performance, marks an exciting time for Tenet, and there is no better place to continue growing our business than downtown Dallas.”

“In the last year alone we have seen a surge of corporate relocations to Downtown,” commented Mayor Tom Leppert. “In fact, as a result of companies like Tenet, more than 6,000 new jobs have moved to the area in the last year, which just adds to the energy and excitement we see in our city’s core. Then when you consider the development of landmark projects nearby like the Trinity River, Convention Center Hotel and Dallas Center for the Performing Arts, as well as a booming new residential population and growing retail base - Downtown only becomes more and more attractive. It’s a new day Downtown, and we welcome Tenet to our community!”

The company hopes that the move will provide significant costs savings over Tenet’s existing office space, as well as larger, more efficient floor plans for increased collaboration among departments. More than 500 employees are expected to be located in the new headquarters, and the company, along with its hospitals, will continue to employ 3,000 people throughout the Dallas area.

In addition to its headquarters, Tenet, through its subsidiaries, operates three hospitals, five physician clinics, and its Patient Financial Services Division in the Dallas area. Including hospital employees, Tenet employs more than 9,800 employees in Texas and approximately 59,000 employees nationwide.

Tenet moved its corporate headquarters to Dallas in 2004 from Santa Barbara, Calif.

The internationally acclaimed 60-story Fountain Place sits adjacent to the city’s growing Arts District and the northern edge of the central business district. Its distinctive silhouette on the city’s skyline makes it one of Dallas’ most recognizable landmarks.

Source: Tenet Healthcare