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Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States.Through its brands, subsidiaries, joint ventures, and partnerships, [7] including United Surgical Partners International (USPI), [8] the company operates 65 hospitals and over 450 healthcare facilities. [9]
As a matter of law, in the 36 states that recognize this form of business, a benefit corporation is intended "to merge the traditional for-profit business corporation model with a non-profit model by allowing social entrepreneurs to consider interests beyond those of maximizing shareholder wealth." [2]
In 1994, BCBS changed to allow its licensees to be for-profit corporations. [7] During 2010, Health Care Service Corporation, the parent company of BCBS in Texas, Oklahoma, New Mexico, Montana and Illinois, nearly doubled its income to $1.09 billion in 2010, and began four years of billion-dollar profits. [14]
A modern form of profit corporations exists in the form of a "benefit corporations." A number of for-profit corporations have opted to change their corporate form to this one. Many new corporations have been incorporating as benefit corporations. A benefit corporation aims to gain profit but also has a social mission that may have to do with ...
Hospital Corporation of America: Geography; Location: Plano, ... Medical City Plano is a for-profit, 603-bed hospital in Plano, Texas owned and operated by HCA ...
Suppose that a for-profit corporation plans to manufacture and sell an anti-malarial drug and, as part of its business plan, will distribute that drug at low or no cost in African countries. If distribution in Africa is the corporation's sole benefit purpose, the corporation could appropriately be a SP corporation.
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