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CHS, Subject of HHS Probe, Ups Offer on Tenet
Health Leaders Media

Community Health Systems Inc.’s hostile takeover bid for Tenet HealthCare Corp. took another twist Monday morning when CHS upped its buyout offer on its Dallas-based rival to $6 a share.

The new bid was launched just three days after Franklin, TN-based CHS acknowledged that it was “cooperating fully” with a subpoena issued by the Department of Health and Human Services, which is investigating alleged billing irregularities in Medicaid and Medicare.