This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tenet Tangling With Past Excesses

To Tenet (THC - Get Report), Cecil Josefsson is little more than civil case No. 147273.

The lawsuit, filed by Josefsson's only child, is one of hundreds pending against the company in a rural California town that made its name as a great place to fly-fish. But that town, a community of 85,000 known as Redding, is now associated with more than giant salmon and steelhead trout. It is the place where more than 1,000 people may have undergone unnecessary -- and sometimes even fatal -- heart surgeries at Tenet's Redding Medical Center.

Attorneys estimate that cases like Josefsson's could wind up costing cash-strapped Tenet $1 million apiece. Josefsson's medical records, which spill over from file to bulging file, already document a heart surgery that's being challenged by outside experts. The records also note the complications that finally ended Josefsson's life. They even include a $1.9 million hospital bill that, for Tenet, translates into revenue of less than half a penny a share.

But the records omit plenty. They never show Josefsson howling at the Nazis he conquered as a brave teenager. They fail to capture all the terror and agony -- barely muted by Tenet's marked-up $190 pain pills -- that engulfed Josefsson near the end.

Julie Inouye, a physician's wife who has crusaded against Tenet's practices on both sides of the country, predicts even more pain to come.

"This is not a story about stocks and bonds," Inouye said of Tenet, without referring to the Josefsson case. "This is a story about human beings. It is a story about life and death."

Underground Fighter

"I guess I was a child until ... I used my revolver the first time," Josefsson told the Shoah Foundation in a documentary about World War II survivors five years ago. "This changed my life completely, as far as my own thinking."

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs