Goldman Sachs analyst Shelley Gnell placed Dallas-based Tenet Healthcare Corp. on a list of recommend stocks after lauding the hospital operator’s cost-saving efforts, according to a report in BusinessWeek.
According to the report, Ms. Gnell predicts that Tenet will be able to save $50 million by negotiating lower prices on orthopedic and heart devices in 2010.
Ms. Gnell also noted that because of the location of many of Tenet’s hospitals, the company would be “less vulnerable” to unpaid bills by uninsured patients, according to the report.
Read the BusinessWeek report on Tenet Healthcare.
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