Tenet Healthcare is moving out of its Dallas headquarters to a new space in Farmers Branch, Texas, the Dallas News reports.
What you should know:
1. Tenet rented 400,000 square feet in Farmers Branch for its new headquarters.
2. Tenet will make the move as part of a cost-cutting initiative. Tenet is attempting to cut $200 million in expenses.
3. The downtown Dallas skyscraper Fountain Place, which houses Tenet's current headquarters, is undergoing significant renovations.
4. Tenet still has five years left on its Fountain Place lease.