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Stand by your firm. (Health Care).


Times may be tough for Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC.  Corp. but at least it has the Trojans in its corner.

The University of Southern California's Keck v. i. 1. To heave or to retch, as in an effort to vomit.
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 School of Medicine issued a statement that it is standing by the Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850.  company, which owns the school's USC An abbreviation for U.S. Code.  University Hospital and has worked out a $35 million deal to buy its USC/Kenneth Norris Jr. Cancer Hospital.

Tenet's plummeting stock has shaken up its management since it was disclosed last month that much of the earnings growth came from unusually high Medicare payments triggered by its aggressive pricing strategy. It also faces allegations that two heart doctors performed unnecessary surgeries at its Redding Redding, city (1990 pop. 66,462), seat of Shasta co., N central Calif., on the Sacramento River; inc. 1872. A principal tourist center for a mountain and lake region, it also has lumbering, food-processing, and diverse manufacturing.  hospital.

But medical school Dean Stephen J. Ryan said that he backs Tenet and expects the company and school will weather the current storm. "We have a track record of successfully meeting great challenges," he said in the statement.

Staff reporter Laurence Darmiento can be reached at (323) 549-5225 ext. 237 or at ldarmiento@labusinessjournal.com.
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Title Annotation:Tenet Healthcare Corp. faces financial difficulties
Comment:Stand by your firm. (Health Care).(Tenet Healthcare Corp. faces financial difficulties)
Author:Darmiento, Laurence
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 2, 2002
Words:165
Previous Article:Doctors hail ruling affirming $250,000 limit on malpractice. (Health Care).(Medical Injury Compensation Reform Act)(Brief Article)
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