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Tenet's Tight Spot
Tenet Healthcare's (THC Quote) turnaround took an unexpected detour Monday.
Investors have been rooting for the hospital chain to shake its legal headaches. But they got bad news Monday, when the government threatened to bar a Tenet hospital from federal insurance payments.
The Office of Inspector General on Monday laid out plans to bar Tenet's Alvarado Hospital Medical Center in San Diego from treating patients covered by Medicare and other federal insurance programs. The rare threat, if carried out, would be a virtual death sentence for Alvarado. ...
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