Community Health makes bid for Tenet
In a sign of how the health-care overhaul is reshaping the economics of medicine, Community Health Systems Inc. made a $3.3 billion unsolicited offer for smaller rival Tenet Healthcare Corp. in a deal that would create the country's largest hospital operator as measured by number of facilities.
A tie-up of Community Health and Tenet would create a giant new company with about $22 billion in revenue from 176 hospitals in 30 states and a total of 32,830 licensed beds.
Tenet confirmed receipt of the unsolicited offer and noted that it was identical to Community Health's offer made in November.
- Ebola: Health Officials Try to Quell Front Line Fears
- Readmissions: No Quick Fix to Costly Hospital Challenge
- Reducing Readmissions Starts with Better Collaboration
- Ebola: A New Normal in Dallas
- Defensive Medicine Still Prevalent Despite Tort Reform
- Partners HealthCare M&A Deal Under Scrutiny
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening
- How Telehealth Pays Off for Providers, Patients
- Health Literacy Month Gets a Boost from Payers
- How Educated Nurses Save Money