During remarks at the J.P. Morgan Healthcare Conference in San Francisco on Tuesday, Tenet Chairman and CEO Trevor Fetter said the for-profit hospital operator’s inpatient admissions fell 1.8 percent in December.
Tenet shares declined 7.6 percent to $23.86 in afternoon trading on Tuesday — its lowest level in three years. That caused stocks of HCA and CHS to fall, declining 2.8 percent and 5.7 percent, respectively.
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