community health systems

Wells Fargo is downgrading shares of Tenet Healthcare Corporation (NYSE: THC) to Market Perform from Outperform. “We believe that ultimately Community Health Systems, Inc. (NYSE: CYH) will acquire shares of THC at about $6.50-7.50 offering investors limited upside from its recent price of $6.83,”...

Tenet Healthcare Corporation's (NYSE: THC) board rejected a $6/share (40% premium) from Community Health Systems, Inc. (NYSE: CYH), Citigroup reports. As a result, CYH has taken its bid to a public shareholder appeal. “We think the offer is fairly compelling (our PT was previously only $5) and...

Community Health Systems, Inc. (NYSE: CYH) announced that Tenet Healthcare Corporation's (NYSE: THC) board had rejected an unsolicited $6 bid ($5 cash, $1 stk), Citigroup reports. “We are surprised, but have a hard time being critical and see parallels to CYH's 2007 Triad Hospitals acquisition,”...

Goldman Sachs reports that Community Health Systems, Inc. (NYSE: CYH) has made an offer to purchase Tenet Healthcare Corporation (NYSE: THC) for $6/share ($5 cash, $1stock), a 40% premium to THC's closing price, reflecting 7.6x EV/EBITDA (TTM). “CYH expects the deal would be accretive to EPS in the...

Deutsche Bank has published a research report on Health Care Facilities in the U.S. and summarizes October results. In the report, Deutsche Bank writes "October's Volume Tracker continues the weak trends witnessed throughout 2010, with inpatient discharges -2.6% Y/Y, outpatient visits -2.8% Y/Y,...