News Headlines Article

Tenet Rejects CHS’ $7.3B Acquisition Offer
Health Leaders Media

Community Health Systems, Inc. has made public its unsolicited offer to acquire Tenet Healthcare Corp. for $6 per share in cash and stock—a deal valued at $7.3 billion that if finalized would create the nation’s largest private hospital chain. However, Tenet’s board of directors unanimously rejected the offer as “inadequate,” and added that “Community Health’s stock appears to be over-valued and is not a desirable currency for Tenet shareholders.”