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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 eyes Chicago exit, sells MacNeal Hospital to Loyola

Tenet eyes Chicago exit, sells MacNeal Hospital to Loyola

By Kristen Schorsch  |  October 11, 2017

Tenet has been busy shopping around its hospitals nationwide, and now it's sold MacNeal Hospital to Loyola Medicine. Dallas-based Tenet is looking to sell its other three hospitals in the area and exit the Chicago market entirely.

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.

Hospital giants brace for rough Q3 earnings

By Dave Barkholz  |  September 29, 2017

Big hospital chains like HCA and Tenet expect to see a dent in their third-quarter earnings thanks to hurricanes and soft admissions. While hurricane damage may be a short-term issue, sinking admissions are here to stay industrywide.

Tenet's Fetter set for $22.9 million severance package

Tenet's Fetter set for $22.9 million severance package

By Dave Barkholz  |  September 26, 2017

Trevor Fetter, the outgoing CEO of Tenet Healthcare, is to receive a severance package of $22.9 million and $19.4 million in pension payments when his replacement is found, according to Tenet financial documents.

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.

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