According to a filing with the Securities and Exchange Commission, Glenview acquired 1 million shares of Tenet — roughly two-thirds were acquired at $39.76 per share, and the remaining were purchased at $40.73 per share.
As of Sept. 30, Glenview owned almost 10 million shares of Tenet, valued at almost $400 million, according to Nasdaq. The SEC filing showed the hedge fund now owns more than 25 million pieces of Tenet’s common stock.
Glenview, founded by Larry Robbins, also holds significant stakes in four other for-profit hospital operators: Naples, Fla.-based Health Management Associates, Nashville, Tenn.-based Hospital Corporation of America, Franklin, Tenn.-based Community Health Systems and Brentwood, Tenn.-based LifePoint Hospitals.
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