Tenet Healthcare cooperation Assignment Example | Topics and Well Written Essays - 250 words - 2

Tenet Healthcare cooperation - Assignment Example Community Health Care, another for-profit healthcare giant, made the bid in an attempt to capitalize on what has been termed as â€Å"Obama’s overhaul† of hospitals and doctors, consolidating with Tenet HealthCare and becoming the largest for-profit health care association in America. Tenet, however, was not ready to give up so easily. They have instead inked a deal with Aetna, another health care giant, to continue to provide services to both Aetna commercial and Medicare Advantage customers. They have also rejected the bid made by Community Health Care, and taken the hard step of literally swallowing a ‘poison pill’, according to the Dallas Business Journal – filing paperwork to cover their incurred $2.0 million losses, and protect the rights of their stockholders, as well as trying to make sure those looking to take over do not succeed. Amid the overhaul of the nation’s health care system, and the eventual consolidation of health care companies, Tenet’s future looks uncertain. If it can continue to hold off bidding rivals, and turn some of its losses into profits, then it may yet succeed. But based on the research that I have uncovered, its future does not look strong. De La Merced, Michael J. (2010, December 29). Community Health Unveils $3.3 Billion Bid for Tenet. New York Times. Retrieved from http://dealbook.nytimes.com/2010/12/09/community-health-unveils-3-3-billion-bid-for-tenet/?ref=tenethealthcarecorporation. Panchuk, Kerry. (2011, January 10). Tenet: Latest to Swallow Poison Pill? Dallas Business Journal, Retrieved from