COVID Stimulus Watch Individual Entry

Recipient Company:
VHS ACQUISITION SUBSIDIARY NUMBER 7 INC
Loan or Loan Guarantee Amount:
$60,768,464

Recipient Details

Ownership Structure: publicly traded (ticker symbol THC)
Facility State: MA

Award Details

Award Date: Dec 9, 2020
Award Type: loan
Award Details: CMS National Provider Identifier: 1538131214
Program Name: Medicare Accelerated and Advance Payment Program ($500,000 and up)
Legislation: CARES
Awarding Agency: Centers for Medicare and Medicaid Services
Data Source for Award:
https://www.cms.gov/files/document/covid-medicare-accelerated-and-advanc...

Parent Company Data

Parent Company: Tenet Healthcare
Headquartered in: Texas
Parent Sector: healthcare services
Parent Industry: hospitals (for-profit)
Employees (prior to pandemic): 113,600

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $42,488,717
Contracting icon
Government-contracting-related Penalties: $605,260,000
Environment icon
Environmental / Healthcare / Safety Penalties: $331,996
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $120,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 452 to 1
CEO Compensation: $24,288,660
Worker Median Pay: $53,714
Tax icon
Total Federal, State, and Local Subsidies: $17,334,973
Federal Corporate Income Tax Rate: -2.4%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues