On November 4, 2009
Healthcare Roundup: Tenet Loses $3M, AAFP-Coke Deal Draws Protests, Device Makers Restricted, and More
Tenet Sees Silk Purse in Sow’s Ear – Tenet Healthcare lost $3 million in the third quarter, compared to a $103 million gain in the prior-year period. The for-profit hospital chain also saw its bad debt jump to $190 million for the quarter, 17 percent more than in the third quarter of 2008. Admissions are down, and fewer patients are paying their copays. But, excluding discontinued operations, writedowns, and other items, the company still posted earnings of 3 cents a share, and Tenet CEO Trevor Fetter noted that employee turnover has declined as a result of the recession. Well, it’s good to hear somebody is benefiting from the economic crash. [Sources: Dallas Morning News, Wall Street Journal] Revolt Against…
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