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SANTA BARBARA, CA-Tenet Healthcare Corp. will move its headquarters to Dallas later this year in the latest in a series of cost-cutting moves at the financially troubled company, vacating a facility here and moving into a 375,000-sf building that already houses the healthcare company’s largest corporate site.Tenet’s Dallas office is already the company’s largest corporate site. The current Tenet headquarters is at 3820 State St. where it has been since 1996 and where approximately 115 employees work. Before 1996, the company was based in Los Angeles. Tenet expects to sell the Santa Barbara building and to move into a 16-story, 375,000-sf building at 13737 Noel Road in North Dallas, which houses more than 700 employees. The Noel Road facility is called Galleria North I and was built for Tenet in 1999. Tenet is one of eight tenants in the building, which is owned by Hines Interests of Houston.Tenet has been struggling with finances and beleaguered by regulators over its billing practices for some time now, and critics–including some shareholders–have called for Tenet to vacate its Santa Barbara offices to reduce costs. Trevor Fetter, Tenet’s president and CEO, calls the move to Dallas “part of our overall effort to make Tenet a more effective and efficient company.”The move to Dallas follows Tenet’s announcement in January that it will divest 27 hospitals this year, including 19 in California, in order to focus its operations in a core group of 69 hospitals. When those divestitures are complete, Tenet’s regions in California and Florida will be about the same size, and the rest of its hospitals will be located across Texas, Missouri, Nebraska, Pennsylvania and several states in the Southeast.Tenet subsidiaries operate four hospitals in the Dallas area and will open a new hospital in Frisco, TX, this summer. Including hospital employees, Tenet employs 3,600 workers in the Dallas area, part of a Texas work force of 11,000 Tenet employees.

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