Keyword: Ronald A. Rittenmeyer
The announcement is the culmination of a yearslong process for the Dallas-based health system giant to divest itself from Conifer.
Tenet reported a net loss of $27 million in the first quarter of 2019 compared to profits of $98 million in its first quarter last year.
Tenet Healthcare saw an overall decline in admissions in the second quarter of 2018, a trend it attributes to drops in two major markets.
Tenet Healthcare continues its aggressive push into ambulatory care services.
Tenet Healthcare plans to cut 2% of its workforce and $250 million in expenses.
Tenet Healthcare, which recently went through a management shakeup, plans to eliminate 1,300 positions in order to cut expenses by $150 million.
Trevor Fetter, the longtime head of Tenet Healthcare, will step down as director and chief executive officer by March 15, 2018.