Tenet Reports Cybersecurity Incident

Rhea-AI Summary

Tenet Healthcare Corporation (NYSE: THC) faced a cybersecurity incident last week, prompting immediate suspension of user access to affected IT applications. The company implemented extensive cybersecurity protocols to limit unauthorized activities. Despite temporary disruptions in some acute care operations, hospitals continued to provide patient care safely using backup processes. Critical applications are largely restored, and operations are returning to normal. An investigation into the incident is ongoing, with additional measures being taken to protect sensitive data.

Positive

• Hospitals remained operational and continued safe patient care during the cybersecurity incident.
• Critical IT applications have largely been restored, facilitating the resumption of normal operations.

Negative

• Temporary disruption of acute care operations due to the cybersecurity incident.
• Ongoing investigation may expose potential legal, reputational, and financial risks.

DALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYSE: THC) experienced a cybersecurity incident last week. The Company immediately suspended user access to impacted information technology applications, executed extensive cybersecurity protection protocols, and quickly took steps to restrict further unauthorized activity.

Efforts to restore impacted information technology operations continue to make important progress. While there was temporary disruption to a subset of acute care operations, the Company’s hospitals remained operational and continued to deliver patient care safely and effectively, utilizing well-established back-up processes. At this time, critical applications have largely been restored and the subset of impacted facilities has begun to resume normal operations.

In parallel, the Company immediately launched an investigation of the incident, which is currently ongoing. The Company is taking additional measures to protect patient, employee and other data, as appropriate, in response to this incident.

Tenet is grateful to its physicians, nurses and staff for their dedication to safely care for patients as the Company works to resolve this matter.

Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include those related to the cybersecurity incident discussed above, such as our ability to assess and remedy the cybersecurity incident, and legal, reputational and financial risks resulting from this, or other cybersecurity incidents and other risks and uncertainties associated with our business as described in our filings with the Securities and Exchange Commission. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425006100/en/

Investor Contact

Will McDowell

469-893-2387

William.McDowell@tenethealth.com



Media Contact

Lesley Bogdanow

469-893-2640

mediarelations@tenethealth.com

Source: Tenet Healthcare Corporation

FAQ

What happened to Tenet Healthcare Corporation (THC) recently?

Tenet Healthcare Corporation experienced a cybersecurity incident that led to the suspension of user access to affected IT applications.

How did Tenet Healthcare respond to the cybersecurity incident?

The company implemented extensive cybersecurity protection protocols and launched an investigation into the incident.

Did the cybersecurity incident affect patient care at Tenet Healthcare facilities?

Despite temporary disruptions, Tenet's hospitals remained operational and continued to provide safe patient care.

What steps is Tenet Healthcare taking to protect data after the incident?

Tenet is taking measures to safeguard patient, employee, and other data in response to the cybersecurity incident.

Are there any ongoing risks associated with the cybersecurity incident at Tenet Healthcare?

Yes, the ongoing investigation could reveal legal, reputational, and financial risks related to the incident.