In its effort to rebuild its financial footing, Tenet Healthcare Corp. one of the largest hospital companies in the US, is shopping Conifer, its healthcare management subsidiary; the purchase would likely boost UnitedHealth's booming Optum business.
The sale of Conifer is expected, but not a sure thing. Tenet announced earlier in...National News
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,...
