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Tenet’s suit against CHS makes Wall Street wary
Los Angeles Business Journal

Tenet Healthcare’s lawsuit against Franklin-based Community Health Systems (NYSE: CYH) has gotten the attention of Wall Street. In a suit filed today in federal court, Dallas-based Tenant (NYSE: THC) accused CHS — which has tried unsuccessfully to acquire Tenet on several occasions — of overbilling Medicare by admitting patients into hospitals that competitors would typically place into outpatient observation.