The insurer has a strong presence in Arizona, insuring about 400,000 Medicaid and 47,000 MA lives, and also competes under the Ambetter brand on the Health Insurance Marketplace.
According to reporting from the Phoenix Business Journal, Centene's notice to terminate its Medicaid contract with Tenet Healthcare's Abrazo Health...National News
The U.S. Justice Department officially announced a lawsuit to stop UnitedHealth Group’s acquisition of Change Healthcare this week, while companies ranging in size from startups like Sesame to mega-corporations such as Tenet and Cigna continue to seek new ways to utilize software and technology in healthcare – either for profit or...National News
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,...Arizona News
Tenet's CEO Trevor Fetter resigned as of October 23, 2017. The health system's Board of Directors appointed Ronald A. Rittenmeyer, executive chairman, to serve as CEO while Tenet continues its search for a new executive leader during a tumultous time for the privately held company.
The Dallas-based system faces increasingly dim...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...National News
The financially challenged hospital system's stock price responded by jumping $2.18 (15%).
An investor with an 18 percent stake in Tenet, Glenview Capital Management, abandoned two Tenet board seats last week because of irreconcilable differences with management and the board. In addition, Glenview said it would no longer...