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CHS investor calls for CEO Wayne Smith's ouster

CHS investor calls for CEO Wayne Smith's ouster

ASL Strategic Value Fund managing director Steven Braverman said Community Health Systems' management has failed to return his phone calls, and the company's operational turnaround has not gotten traction.

Tenet in crosshairs of activist shareholder Camber Capital

By Dave Barkholz  |  August 21, 2017
Tenet in crosshairs of activist shareholder Camber Capital

Tenet Healthcare Corp. now has two activist shareholders with sizable stakes in its business. Boston-based Camber Capital has purchased 5.7% of Tenet's shares, and the hedge fund has a CEO with an activist history.



Providers

Coming soon to a strip mall near you: An MRI provider

Coming soon to a strip mall near you: An MRI provider

More and more medical procedures are moving to the strip mall, thanks to high-deductible insurance plans that are turning patients into penny-pinchers. Hospital systems like Edward-Elmhurst Health are reacting, hedging their bets on what have been lucrative captive practices.

People

UnitedHealth CEO Hemsley stepping down

UnitedHealth CEO Hemsley stepping down

Longtime UnitedHealth CEO Stephen Hemsley will step down Sept. 1, and President David Wichmann will take over. The change marks a major leadership shakeup at the nation's largest health plan.

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