Hospital operator Tenet plans stock split, buyback
Hospital operator Tenet Healthcare Corp. plans acquisitions, a new share repurchase program and a 4-to-1 reverse stock split to help speed up growth and improve the value of its stock for shareholders. Shares of the Dallas company jumped as much as 7.5 percent in Monday morning trading after it announced the plans, and ended trading up nearly 3.3 percent, or 21 cents, to close at $6.48 while broader trading indexes moved higher. The stock price has risen about 26 percent so far this year.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- Carondelet to Pay $35M to Settle Fraud Allegations
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- Some Cancer Hospitals' Quality Data Will Soon Be Public
- 3 Traits Personality Assessments Can't Reveal
- CA Powers Up $80M HIE to 'Create Value in the Data'