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Tenet seeks to recoup costs of defending against CHS takeover
Modern Healthcare

Tenet Healthcare Corp., Dallas, will seek to recover all of the costs it incurred in fending off a hostile takeover bid made by Community Health Systems, according to an amended complaint in its securities lawsuit against Community in U.S. District Court in Dallas. Tenet’s amended complaint does not specify the amount of damages that it is seeking from the defendants: Community, Franklin, Tenn.; Wayne Smith, president, chairman and CEO; and Larry Cash, executive vice president and CFO.