Davis Polk & Wardwell LLP advised Goldman, Sachs & Co. as sole bookrunner and representative of the underwriters for the $345 million offering by Tenet Healthcare Corporation of its 7% mandatory convertible preferred stock.

Tenet Healthcare Corporation is an investor-owned health care services company based in Dallas whose subsidiaries and affiliates principally operate general hospitals and related health care facilities.

The Davis Polk corporate team included partners Joseph A. Hall and Ray Ibrahim, and associates Ross A. Oliver, Rafal A. Nowak and Hsien-Jay Lee. Partner Po Sit and associate Ari Weinstein provided tax advice. Partner Gail A. Flesher and associate Emma L. Ahrens provided environmental advice. Natalie Chan was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.