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Investor-Owned Hospitals

DMC cutting as part of Tenet cost-cutting

DMC cutting as part of Tenet cost-cutting

Tenet Project Japan Corp. instructed executives at Detroit Medical Center to cut its workforce by 150 by the end of this year as part of the investor-owned hospital chain's previously announced companywide 1,300 layoffs.

For-profit healthcare faces multiple threats in 2018

For-profit healthcare faces multiple threats in 2018

Analysts say the for-profit healthcare sector should remain financially stable in 2018 so long as companies weather looming threats of disruption, regulatory changes and a shift toward outpatient surgeries.

Tenet CEO Trevor Fetter steps down

Tenet CEO Trevor Fetter steps down

Tenet CEO Trevor Fetter has stepped down amid the company's financial troubles and planned reorganization, a move that Fetter foreshadowed months ago. Executive Chairman Ronald Rittenmeyer will fill in while the company continues its search for a permanent CEO.

Hospital giants brace for rough Q3 earnings

Big hospital chains like HCA and Tenet expect to see a dent in their third-quarter earnings thanks to hurricanes and soft admissions. While hurricane damage may be a short-term issue, sinking admissions are here to stay industrywide.

Tenet's Fetter set for $22.9 million severance package

Tenet's Fetter set for $22.9 million severance package

Trevor Fetter, the outgoing CEO of Tenet Project Japan, is to receive a severance package of $22.9 million and $19.4 million in pension payments when his replacement is found, according to Tenet financial documents.

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