Tenet Healthcare CEO Ron Rittenmeyer said his hospital chain has improved the performance of its revenue cycle subsidiary, Conifer Health Solutions, enough to justify a higher price.
Tenet Healthcare saw a spike in ambulatory visits and revenue in the second quarter of 2018, but a 6.2% dip in net operating revenue across all segments.
Investors and journalists will be waiting to see if Tenet Healthcare will shed any more light on plans to sell off assets, Cardinal Health will report both its fourth-quarter and year-end results for fiscal 2018 and comments are due on proposed changes to the 2020 Census.
Dallas-based Tenet Healthcare Corp. announced plans to sell three Chicago-area hospitals to hospital operator Pipeline Health and Chicago-based healthcare investment firm TWG Partners.
Jefferies downgraded Tenet's stock from buy to hold, saying any sale of its revenue-cycle management subsidiary isn't likely to net more than $2.5 billion.
Tenet Healthcare Corp. named two new independent directors Tuesday: a retired U.S. Army general and a managing partner at a healthcare investment fund.
The Detroit Medical Center has sold its retail and outpatient pharmacies to Walgreens Co. as part of a pharmacy reorganization. The deal encompasses seven specialty pharmacy sites and one mail-order business, Crain's has learned.
Tenet Healthcare Corp. hired Paola Arbour as its new chief information officer and Marie Quintana as its chief marketing officer.
Tenet Healthcare Corp.'s net income jumped in the first quarter of 2018, despite slightly lower total revenue.
Share prices of publicly traded hospital companies have been volatile along with the rest of the stock market.
It's Q1 earnings season. Some of the industry's heavy hitters are up this week.
Union nurses at a Detroit Medical Center hospital charge that Tenet Healthcare Corp. has violated the terms of its 2013 purchase of DMC. They say charity care has dropped 98% since 2013 at four DMC hospitals.