Hospital operator Tenet plans stock split, buyback

Bloomberg Businessweek News, October 2, 2012

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.


MOST POPULAR

" style="font-family:inherit">Physician's Scathing Remarks Humiliate Patient, Cost Hospital
  • Alternative Staffing Arrangements
  • " style="font-family:inherit">The Perils of Cut-and-Paste Documentation
  • Aging Doctors: Time for Mandatory Competency Testing?
  • 7 Years In, Triple Aim Transcends Jargon
  • Alternative Staffing Arrangements
  • CMS Predictive Readmission Models 'Not Very Good'
  • SPONSORED REPORTS
    SPONSORED HEADLINES

    SIGN UP

    FREE e-Newsletters Join the Council Subscribe to HL magazine

    SPONSORSHIP & ADVERTISING

    100 Winners Circle Suite 300
    Brentwood, TN 37027

    800-727-5257

    About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
    © HealthLeaders Media 2014 a division of BLR All rights reserved.