Tenet Healthcare Corp., Santa Barbara, Calif., said its board has elected its third new independent member this year -- John Kane, former vice chairman, president and COO of drug distributor Cardinal Health, Dublin, Ohio. Kane, 63, worked at Cardinal from 1993 until he retired in 2001. He also spent 19 years at Abbott Laboratories, the pharmaceutical and medical device giant. Tenet, which owns and operates 114 hospitals, said it plans to recruit a fourth independent director soon, meeting its goal of replacing its four longest-serving directors in the wake of the company's troubles. That includes former CEO Jeffrey Barbakow, who plans to step down as chairman next month. Tenet said earlier this week that it expects profits to fall sharply in 2003 compared with earlier periods. -- by Vince Galloro
Tenet board adds former drug-distributor exec
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