Community Health Systems (CYH -1.2%) may have doomed a proposed takeover of Tenet Healthcare...

|About: Community Health Systems, Inc. (CYH)|By:, SA News Editor

Community Health Systems (CYH -1.2%) may have doomed a proposed takeover of Tenet Healthcare (THC +0.2%) when its third offer was still so low that it would need to be raised by almost $2B to be on par with past hospital deals. The offer of "$7.25 is not going to be enough to bring the Tenet board to the table," one observer says.