Tenet and Catholic Health Initiatives represented approximately 75 percent of Conifer Health Solution's revenue in the third quarter of 2017. Facing mounting pressure from activist investors to improve its bottom line, Tenet announced it would explore selling Conifer, a $1.6 billion company with 15,000 employees.
Announced on Tuesday,...Arizona News
Management layers between its hospitals and corporate offices are expected to dissolve in hopes of cutting expenses for the hospital chain amidst the growing volume of investors calling for reorganization after Tenet reported a $56 million operating loss in its second quarter following declining hospital admissions.
As the nation's...
