Tenet's Day in Court
The old saying "no news is good news" seems particularly apt at scandal-plagued Tenet (THC Quote) these days.
By now, California jurors have gone more than a week without reaching a decision in a high-stakes criminal case about the company's financial contracts with physicians. They are trying to decide whether Tenet-owned Alvarado Hospital Medical Center and the facility's former CEO violated anti-kickback laws by rewarding doctors for patient referrals. A previous jury, considering the same case, could not agree on a verdict.
With the company's battered stock surging 10% last week, investors have clearly started betting on a positive outcome. ...
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