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Tenet Healthcare Corporation (THC)

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  • Mon, Mar. 23, 7:03 AM
  • Mon, Mar. 23, 2:01 AM
  • Oct. 7, 2014, 7:52 AM
  • Sep. 6, 2013, 2:30 PM
  • Jun. 24, 2013, 2:40 PM
    "This marks a turning point for the company in which we'll be more aggressive in acquisitions," Tenet Healthcare (THC +5.2%) CEO Trevor Fetter tells CNBC, after agreeing to acquire Vanguard Health for $21/share. Fetter goes on to say that he looks forward to an "expanded acquisition pipeline in the acute care business."
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  • Jun. 6, 2013, 11:35 AM
    More interesting tidbits from Deutsche Bank's upgrade of Tenet Healthcare (THC +2.1%): Analyst Darren Lehrich (who spoke with management) says THC did not rule out "large-scale M&A (acquiring other investor-owned chains)," fueling some speculation about a deal for Health Management Associates (HMA +0.8%). A nice thought perhaps, but Lehrich says THC noted its recent strategy of "divesting rural assets," something HMA has a lot of.
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  • May 9, 2011, 6:34 PM
    Community Health Systems (CYH) withdraws its offer to acquire Tenet Healthcare (THC); Tenet had rejected the latest $7.25/share offer this morning. CYH -1.4%, THC -4% AH. (PR)
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  • May 9, 2011, 9:24 AM
    Tenet Healthcare (THC) rejects a third buyout proposal from Community Health Systems (CYH), at $7.25/share, saying that the $3.52B offer undervalues the company. Additionally, Tenet authorizes a $400M stock repurchase program. THC -2%, CYH +3.2% premarket. (PR)
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  • May 5, 2011, 10:23 AM
    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.
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  • May 2, 2011, 8:00 AM
    The saga continues: Community Health (CYH) raises its offer for Tenet Healthcare (THC) to $7.25/share, calling it a "best and final" bid; unless Tenet begins "good faith" negotiations by May 9, the offer will expire. Tenet -6.2% premarket to $6.50.
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  • Apr. 24, 2011, 10:18 AM
    Tenet Healthcare (THC) rejects Community Health Systems' (CYH) latest all-cash $3.3B bid, saying the price of $6 a share "grossly undervalues the company." However, Tenet does say that it has "never been opposed to a sale." (PR)
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  • Apr. 18, 2011, 7:26 AM
    Community Health Systems (CYH) is converting its $3.3B bid for Tenet Healthcare (THC) into an all-cash $6/share offer in an effort to sidestep potential complications of a lawsuit filed by Tenet. (background)
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Company Description
Tenet Healthcare Corpis a health care services company whose subsidiaries and affiliates operate regionally focused, integrated health care delivery networks.
Sector: Healthcare
Industry: Hospitals
Country: United States