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5 things to know about Tenet Healthcare's restructuring

5 things to know about Tenet Healthcare's restructuring

By Tara Bannow  |  January 13, 2018

Tenet Healthcare will continue to shed non core assets as it tries to reduce a $15 billion debt load. New CEO Ronald Rittenmeyer said his goal is to create a more agile organization.

J.P. Morgan Healthcare Conference: Day 1 notebook

J.P. Morgan Healthcare Conference: Day 1 notebook

By Shelby Livingston and Tara Bannow  |  January 08, 2018

The J.P. Morgan Healthcare Conference kicked off in San Francisco on Monday with news of more cost-cutting measures by Tenet and continued success on the ACA exchanges for Centene. Our reporters Shelby Livingston and Tara Bannow are there to offer daily observations and news.

Tenet continues to shed assets, sells St. Louis hospital

Tenet continues to shed assets, sells St. Louis hospital

By Alex Kacik  |  January 05, 2018

Tenet Healthcare Corp. signed a definitive agreement to sell Chesterfield, Mo.-based Des Peres Hospital to St. Luke's Hospital. Tenet is continuing to offload hospitals in non-core markets to pay down its $15 billion debt load.

DMC cutting jobs as part of Tenet cost-cutting

DMC cutting jobs as part of Tenet cost-cutting

By Jay Greene  |  December 04, 2017

Tenet Healthcare Corp. instructed executives at Detroit Medical Center to cut its workforce by 150 by the end of this year as part of the investor-owned hospital chain's previously announced companywide 1,300 layoffs.

Tenet to eliminate 1,300 jobs as hurricanes, admissions slam earnings

Tenet to eliminate 1,300 jobs as hurricanes, admissions slam earnings

By Alex Kacik  |  October 27, 2017

Tenet officially announced a restructuring plan that will eliminate 1,300 positions to offset the impacts of Hurricanes Harvey and Irma, dwindling admissions, and Medicaid cuts that together could generate a $367 million loss in the third quarter.

Tenet CEO Trevor Fetter steps down

Tenet CEO Trevor Fetter steps down

By Alex Kacik  |  October 23, 2017

Tenet CEO Trevor Fetter has stepped down amid the company's financial troubles and planned reorganization, a move that Fetter foreshadowed months ago. Executive Chairman Ronald Rittenmeyer will fill in while the company continues its search for a permanent CEO.

Tenet to cut regional management layer in reorganization

Tenet to cut regional management layer in reorganization

By Alex Kacik  |  October 06, 2017

As the company endures softening hospital admissions, rising deductibles and other headwinds that have compressed operating margins across the industry, Tenet will cut leadership positions to streamline operations and cut costs.

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