Tenet Healthcare plans to move its headquarters from Dallas to Farmers Branch, Texas, as part of a cost-cutting move, according to the Dallas Morning News.
The for-profit healthcare provider has rented 400,000 square feet of offices for its headquarters, which will be housed in a 13-floor building in the Dallas suburb.
Tenet began looking at locations to consolidate its Dallas area operations months ago, according to the report. Company officials said it was re-evaluating office needs as part of a $200 million expense-reduction plan.
Ronald Rittenmeyer, executive chairman and CEO of Tenet Healthcare, said in a statement: "International Plaza is a great new home for our corporate headquarters and provides us with the opportunity to further enhance our working environment for the benefit of our colleagues."
Tenet also has offices in Frisco and Addison, Texas. It is unclear whether employees from those offices will relocate to the Farmers Branch office.
Read the full report here.