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South Florida snag makes HCA an unlikely suitor for Tenet

South Florida snag makes HCA an unlikely suitor for Tenet

By Dave Barkholz  |  September 15, 2017

HCA is large enough to buy Tenet Healthcare. But antitrust regulators are likely to cast a wary eye toward HCA combining its 14 hospitals in South Florida with Tenet's 10 hospitals there.

Tenet selling 8 more hospitals as investors debate company breakup

Tenet selling 8 more hospitals as investors debate company breakup

By Dave Barkholz  |  September 06, 2017

Outgoing Tenet Healthcare CEO Trevor Fetter said investors should debate whether to break up Tenet around its three main business lines—hospitals, ambulatory surgery centers and revenue-cycle software—or leave the company whole.

Tenet CEO Fetter stepping down; company adopts poison pill

Tenet CEO Fetter stepping down; company adopts poison pill

By Dave Barkholz  |  August 31, 2017

Tenet Healthcare's embattled CEO, Trevor Fetter, is stepping down in March or when a successor is appointed. The health system also adopted a poison pill defense to ward off an unwanted change of ownership.

Tenet in crosshairs of activist shareholder Camber Capital

Tenet in crosshairs of activist shareholder Camber Capital

By Dave Barkholz  |  August 21, 2017

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.

Tenet board loses Glenview members

Tenet board loses Glenview members

By Dave Barkholz  |  August 18, 2017

Glenview Capital Management could soon acquire a larger stake in Tenet and push for change as an activist shareholder, as it has vowed to do. The hedge fund said it could drive change more efficiently outside of Tenet than inside the boardroom.

Chen's 22% stake in CHS carries clout—with or without a board seat

Chen's 22% stake in CHS carries clout—with or without a board seat

By Dave Barkholz  |  August 17, 2017

Chinese billionaire Tianqiao Chen as recently as February used his 10% stake in Legg Mason to gain two board seats at the asset-management firm, including the vice chairmanship for himself. His designs for CHS haven't been made public but he already carries weight with his holdings.

Hospital volumes laid low by high-deductible health plans

Hospital volumes laid low by high-deductible health plans

By Dave Barkholz  |  August 10, 2017

Patients avoiding elective surgeries and other procedures because of skyrocketing out-of-pocket costs were cited by hospital chains as a primary cause of softening hospital volumes in the second quarter.

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