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.
Tenet plans to ride USPI's continued growth as it looks to reduce its hospital footprint and offload its revenue-cycle management business, Conifer Health Solutions.
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.
Tenet Healthcare Corp. shareholders now only need to own 25% of the company's shares in order to request special meetings, the hospital chain announced Monday. That's down from more than 50% under previous rules.
Dallas-based Tenet Healthcare Corp. has completed a series of previously announced hospital divestitures that brought in more than $550 million altogether in the first quarter of 2018.