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The article offers an insight into hospital mergers in the U.S. in 2005. It explores the factors that drive the increase in the demand to buy hospitals. Information is provided on the 2004 divestiture program of Tenet Healthcare Corp. The regulatory environment was seen as influential in hospital sales. The role of bondholders in hospital mergers is discussed.

Discusses the merger and acquisition trends in the healthcare industry in the U.S. as of July 2004. Value of the proposed merger between WellPoint Health Networks and Anthem; Factors that contributed to the increase in mergers and acquisitions in the healthcare industry; Divestiture plan of Tenet Healthcare Corp. in 2004. INSET: HOSPITALS.

Reports on the deals of Tenet Healthcare Corp. to sell several hospitals in the U.S. Selection of possible candidates for the replacement of Jeffrey Barbakow as its CEO; List of potential candidates, including Robert O'Leary and John Casey.

Features Trevor Fetter, president and acting chief executive officer of Tenet Healthcare Corp. Responsibilities faced by Fetter upon his return to the company; Career background; Opinion of Jeffrey Barbakow, former chief executive of Tenet, on Fetter. INSET: Trevor Fetter.

Reports the resignation of Jeffrey Barbakow as chairman and chief executive officer of Tenet Healthcare Corp. in June 2003. Problems with Medicare payments; Background on Trevor Fetter, president and acting chief executive officer of Tenet; Opinion of M. Lee Pearce, a Tenet shareholder and former physician, on the selection of the person for the position.

The article considers the plans of Hospital Partners of America (HPA) to sell or close more hospitals in the U.S. If a sale of Shasta Regional Medical Center, Redding, California, is completed, that would leave the privately held company with four Texas hospitals, two owned and two leased, in Austin, Dallas and Houston. Both Shasta Regional and River Oaks were acquired in separate deals from Tenet Healthcare Corp. In a news release, HPA said it is closing River Oaks because it has not been able to improve its financial performance.

The article announces that Prime Healthcare Services is building a hospital empire across Southern California. According to a securities filing, Tenet Healthcare Corp. owned or operated 28 hospitals in Los Angeles and Orange counties in California as of December 31, 2003. Prime has agreed to acquire 72-bed Garden Grove Hospital and Medical Center and 64-bed San Dimas Community Hospital in California.

This article examines the outcome of the divestitures made by Tenet Healthcare Corp. from 2002-2007 using Medicare cost reports filed by these hospitals. The 14 hospitals that Tenet slated for divestiture in 2003 were much more profitable facilities, both before and after divestiture, than the 2004 and 2006 divestiture groups, the data show. The 2003 group also appears to have been less reliant on Medicare outlier payments than the two later divestiture groups.

The article presents information on institutional investors in publicly traded for-profit hospital companies Community Health Systems and Tenet Healthcare Corp. in the U.S. It says that data were collected on the owners of the firms from about 400 filings with the Securities and Exchange Commission (SEC) for the quarter ended December 31, 2006. It also notes that several institutions held stock in other publicly traded hospital chains including Health Management Associates in Naples, Florida.

The article focuses on the divestiture of HealthSouth, HCA and Tenet Healthcare Corp. in the U.S. HealthSouth emphasized its plan to focus the company on its core inpatient rehabilitation business by divesting its divisions including ambulatory surgery centers, outpatient rehabilitation and diagnostic imaging. HCA was acquired by the Frist family in a deal that costs $33 billion. Tenet has put on sale an estimated 50 hospitals since 2003.

The article focuses on the uncertainty of U.S. hospitals on how to recruit and compensate relocating physicians. The settlement of the kickback case filed against Tenet Healthcare Corp. with the federal government did not help clarify the confusion. Regulators have failed to specify what is legally permitted in recruiting physicians. U.S. Attorney Carol Lam has agreed not to prosecute Tenet in a third criminal trial as part of the settlement.

The article reports on the mistrial of Tenet Healthcare Corp. The reason behind the mistrial of Tenet is mentioned. The allegation against Tenet's Alvarado Hospital Medical Center and its former CEO Barry Weinbaum are cited. The possible implication of conviction on Tenet is also mentioned.

The article reports the settlement of one of the Medicare outlier lawsuits faced by Tenet Healthcare Corp. as of February 27, 2006. The firm agreed to pay $7 million to settle the lawsuit alleging that Tenet's outlier payments deprived other hospitals of Medicare funding. the settlement also ended two previously disclosed investigations of potential Medicaid fraud at Tenet's Florida hospitals.

Focuses on the accountability for some hospital and nursing-home evacuations in the aftermath of Hurricane Katrina in the U.S. Gulf Coast. Negligent homicide charged against the owners of Saint Rita's Nursing Home by Louisiana Attorney General Charles Foti Jr.; Recovery of dead bodies from Memorial Medical Center in New Orleans which is owned by Tenet Healthcare Corp.; Potential civil liability to be faced by Tenet.

Reports on the difficulty faced by hospitals in the U.S. Gulf Coast regarding when and how to reopen after being damaged by Hurricane Katrina. Concerns on uprooting physicians in the wake of the disaster; Closure of the hospitals of Tenet Healthcare Corp.; Contribution of the damaged facilities of Universal Health Services to its revenue.

Focuses on the decision of healthcare companies Tenet Healthcare Corp. and HealthSouth Corp. to settle lawsuits filed by patients against them. Agreement of Tenet to settle allegations that they provided unnecessary care to their patients at Redding Medical Center in California and billed the government for the care; Information on the settlement agreement signed by HealthSouth to resolve a series of federal whistle-blower lawsuits; Other legal problems facing the companies.

Reports on the sale of three Massachusetts-based hospitals owned by Tenet Healthcare Corp. to Vanguard Health Systems. Estimated after-tax proceeds from the sale; Features of the hospitals being sold to Vanguard; Information on the lawsuit facing Tenet.

Presents an update on the financial performance of Tenet Healthcare Corp. in the U.S. in the second quarter of 2004. Loss incurred by the company; Experiences of the company in management volatility; Problems encountered by the company.

Reports on the market performance of Tenet Healthcare Corp. for the first quarter of 2004. Earnings from continuing operations; Percentage of revenue decline.

Presents information on the loss posted by Santa Barbara, California-based Tenet Healthcare Corp. for the year ended 2003. Factors that contributed to the loss incurred by the company; Comparison between the earnings of the company in 2002 and 2003; Details of the 2003 annual report filed by the company with the U.S. Securities and Exchange Commission.

Focuses on the discount being offered by Tenet Healthcare Corp. for uninsured patients. Information on the discounting policy of Tenet; Support of Consejo de Latinos Unidos on the compact of the company with uninsured patients; Information on the guidance on billing asked by the American Hospitals Association to House Ways and Means Committee chairman Bill Thomas (R-Calif.).

Reports on divestiture plans of Tenet Healthcare Corp. in the U.S. as of February 2004. Amount tendered by Tenet for its acquisition of OrNda HealthCorp; Number of hospitals owned by Tenet that are listed for sale; Remarks from Trevor Fetter, president and chief executive officer of Tenet.

Presents information on the plan of Tenet Healthcare Corp. to sell its hospitals and shares in California. Statement made by Trevor Fetter, president and chief executive of Tenet Healthcare Corp., on the restructuring and retrenchment of the hospital system; Reasons behind the bankruptcy of the hospital system; Amount of business losses posted by Tenet Healthcare Corp. in 2003.

Reports on an agreement between the U.S. Department of Health and Human Services and Tenet Healthcare Corp. to sell the Redding Medical Center to avoid exclusion from Medicaid and Medicare in the U.S. Background on civil allegations against the company; Impact of Medicare and Medicaid exclusion on patient care; Fine payments made by the company to settle the allegations.

Reports on the impact of the rising number of uninsured patients and higher insurance copayments and deductibles on the earnings of investor-owned hospitals in the U.S. Comparison of the provision of HCA for bad debts in the second quarter of 2002 and 2003; Factor behind the decision of Tenet Healthcare Corp. to change its policies on collections; Keys to minimizing bad debts.

Reports on the plan of Charlotte, North Carolina-based company Hospital Partners of America (HPA) to develop and acquire general acute-care hospitals in addition to surgical hospitals. Information on a deal between HPA and Tenet Healthcare Corp. regarding the acquisition of an acute-care hospital; Benefits of the acquisition for HPA; Action required by the U.S. House from the Medicare Payment Advisory Commission regarding a proposed Medicare prescription drug bill.

Deals with the promotion of Trevor Fetter to the CEO post at Tenet Healthcare Corp. in May 2003. Key to Fetter's success in leading Tenet; Management approaches of Fetter at Tenet; Government investigations and financial issues facing Tenet; Skepticism surrounding Fetter's promotion as an insider.

Reports developments concerning Tenet Healthcare Corp. which could affect its hospital portfolio. Agreement between Triad Hospitals and Tenet in August 2003; Exclusion of Tenet's Redding Medical Center from Federal healthcare programs; Way in which Tenet could avoid the exclusion.

Reports on the agreement of Tenet Healthcare Corp. to a fine imposed by the U.S. federal government to settle any civil claims that may arise from the investigation of two physicians at its Redding Medical Center in August 2003. Amount agreed to pay by Tenet; Allegations against the physicians involved in the case; Financial loss reported by Tenet for the quarter ended June 30, 2003.

Deals with the demonstration staged by registered nurses of Tenet Healthcare Corp. during the shareholder meeting held by Tenet in July 2003. Rate of decline in the share price of Tenet; Reasons behind the dispute between nurses and Tenet's management; Non-executive chairman appointed by Tenet.

Reports on the relinquishment of the title of chief executive officer Jeffrey Barbakow as chairman of the board of directors of Tenet Healthcare Corp. in the U.S. Reason for move of Barbakow; Losses encountered by the company for the period ended February 28, 2003; Comments from Cheryl Gustitus, vice president of communications for Institutional Shareholder Services, on the corporate governance change of Tenet; Other restructuring moves of Tenet; Views of some shareholders of the company on its governance change.

Reports that the Santa Barbara, California-based Tenet Healthcare Corp. is selling or closing several of its hospitals in eight states. Other efforts of the company to rebuild investors' confidence in the firm; View of healthcare stock analyst Nancy Weaver on Tenet's moves; Information on how the company will use the proceeds of the sale and cost savings.

Speculates into the divestiture plans of Tenet Healthcare Corp. in 2003. Statement of Tenet president Trevor Fetter concerning the issue; Divestitures made by Columbia/HCA after federal probe of its Medicare billing practices in 1997; Comparison of Tenet's hospitals with Columbia/HCA.

Focuses on the efforts of the U.S. Centers for Medicare and Medicaid Services (CMS) to improve Medicare outlier payments to hospitals. Information on the cost of outlier payments made to Tenet Healthcare Corp.; Background on the Medicare system of outlier payments; Concerns over outlier payments to hospitals.

Focuses on criticisms against Tenet Healthcare Corp. in the U.S. concerning its reliance on Medicare outlier payments and its reorganization plans. Information on the Medicare billing practices of the company; Discussion on several Medicare issues concerning the company; Background on Medicare regulations for outlier payments.

Reports on the questions raised by analysts about the Medicare outlier payments received by Tenet Healthcare Corp. as of October 2002. Background on outlier payments; Factors contributing to the uncertainty to Tenet's prospects; Drop in the company's stock on October 28 and 29, 2002.

The article presents an outlook for Australian hospital operator, Tenet Healthcare Corp. for 2010. According to the company, it has increased its forecasts for pretax operating earnings by 50 million U.S. dollars due to improved control of labor, information technology and malpractice expenses The firm has abandoned plans to acquire Healthscope and has reduced its information technology budget from 40 million U.S. dollars to 25 million U.S. dollars.

The article reports on the sale of 345 million U.S. dollars in convertible preferred stock by Tenet Healthcare Corp. in September 2009. The proceeds of the stock issue, which will pay a quarterly dividend to a seven percent annual return, were used to pay off a debt that carries a 9.25% interest rate. Details of the sale and proceeds from the sale are elaborated. Also noted are the expected 2009 earnings of Tenet before interest, taxes, depreciation and amortization.

The article offers information on bond issues from U.S. hospital operators and their efforts to lower interest rates on their debt. In June 2009, Tenet Healthcare Corp. managed to extend its debt maturities and gained lower interest rates on debt. HCA proposed a $500 million bond issue in April to pay loan maturities. A $450 million bond issue from Tenet was expanded to $925 million due to high investor interest. US Oncology chief financial officer (CFO) Michael Sicuro explained the reasons of the company for pursuing its bond issue.

The article reports on the bond offerings of HCA and Tenet Healthcare Corp. A total of $300 million in new bonds was announced by HCA. The bonds are due to mature in 2017. HCA has also asked its bank lenders to alter their credit agreements to allow the company to issue new debt solely for the purpose of repaying the bank lending. A definitive agreement has been secured by Tenet on the sale of two hospitals to the University of Southern California that will net Tenet cash proceeds of $310 million.

The article reports that Tenet Healthcare Corp. has formed a subsidiary to sell services to other hospitals. Dallas, Texas-based Tenet said its new division is offering revenue-cycle management and clinical communications services to other hospitals. The wholly owned operating subsidiary, Conifer Health Solutions, also will provide these services to Tenet's portfolio of 58 hospitals, which includes three hospitals set for divestiture.

The article focuses on for-profit hospital chains in the U.S. that appear to have gathered enough liquidity to help them survive the credit crisis. Among the six largest investor-owned hospital companies, five of them tapped heavily into the credit markets between 2003 and 2007. Companies such as Tenet Healthcare Corp. and Universal Health Services also have managed to limit their exposure to variable-rate debt, either with fixed-rate debt or by hedging their variable-rate debt.

The article reports that Tenet Healthcare Corp. plans to bring its portfolio in California down to 11 hospitals from 38 as of May 31, 2001. Tenet announced that it will allow its leases to expire on two California hospitals in 2009. The planned lease expirations were part of a settlement agreement that will allow the company to complete the sale of a two-campus hospital it first listed for divestiture in 2004.

The article reports on the decision of TowerBrook Capital Partners to acquire a majority stake in Broadlane. The deal is expected to close by September 30, 2008. As part of that transaction, Tenet Healthcare Corp. said it is selling its entire remaining stake in Broadlane for $155 million. Those details imply an equity valuation of nearly $323 million for Broadlane. Tenet will remain a Broadlane customer.

The article reports on the financial performance of hospital chain Tenet Healthcare Corp. for the third quarter which was released in May 2008. The company posted its third straight quarter of decent results and even has turned around its toughest critic among stock analysts, but company president and chief executive officer Trevor Fetter acknowledges that the company still has a ways to go. The company posted a 1 percent increase in admission for the first quarter, better than many competitors.

The article reports on the statement issued by chief executive officers from two hospital chains, HCA and Tenet Healthcare Corp., regarding their interest in acquisitions. Jack Bovender Jr., chairman and chief executive officer (CEO) of HCA, says they are on the lookout for another acquisition and they are interested in a large-scale deal. Dallas, Texas-based Tenet, meanwhile, also is open to acquiring hospitals if the circumstances are right, according to Trevor Fetter, president and CEO of the company.

The article deals with a tentative settlement between the University of Southern California (USC) and Tenet Healthcare Corp. over the fate of USC University Hospital. USC and Tenet have signed a nonbinding letter of intent for Tenet to sell the 265-bed university hospital and the 60-bed USC-Norris Comprehensive Cancer Center to the university. The university claimed that the financial effects and notoriety of Tenet's government investigations compromised the company's ability to operate the university hospital.

The article considers the use of a healthcare credit score at Healthcare Analytics in Waltham, Massachusetts. According to Stephen Farber, chairman and CEO at Healthcare Analytics, the company is gathering data from hospital systems across the country to develop a healthcare-specific tool for judging whether patients are likely to pay some or all of their bill or whether the hospital should just write off the account. Tenet Healthcare Corp. has invested $10 million in Healthcare Analytics and is contributing data to its efforts.

The article reports on the False Claims Act lawsuit filed by the U.S. Justice Department against Christi Sulzbach, the former general counsel and chief compliance officer for Tenet Healthcare Corp. The lawsuit accuses Sulzbach of falsely certifying to the Department of Health & Human Services (HHS) in 1997 and 1998 that Tenet was in compliance with all Medicare regulations. The certifications were made under a settlement and corporate integrity agreement that Tenet's predecessor, National Medical Enterprises, signed in 1994.

The article announces that Tenet Healthcare Corp. Chief Medical Officer Jennifer Daley is leaving the company to take the same position with Partners Community Healthcare in Boston, Massachusetts.