Hedge fund ups stake in Tenet

Glenview Capital Management recently purchased 8,160 shares of Dallas-based Tenet Healthcare's common stock.

The hedge fund, which already controls 10 percent of Tenet's shares, purchased the 8,160 shares on Sept. 6 at an average price of $19.65, according to Investors Observer. Glenview paid a total of $160,309 for the shares and now owns 19.4 million shares of Tenet.

Tenet released its second quarter financial results on Aug. 5. The company reported a profit of $15 million on revenues of $4.56 billion. In the second quarter of 2018, Tenet posted a profit of $24 million on revenues of $4.51 billion.

More articles on healthcare finance:

Financial updates from Kaiser, Cleveland Clinic, Mayo + 10 other systems
Illinois hospital closure will result in 814 layoffs
Ohio hospital hit with 2-notch credit downgrade amid IT transition

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months