Its problems have led to takeover speculation that only escalated two weeks ago after drama on the board level and disagreements over strategy led to two Tenet directors resigning. As part of the departure of Fetter, Tenet will also overhaul its governance in what the company described as an effort to "refresh the composition of its board of directors." Glenview is Tenet's largest shareholder. Tenet operates 77 acute-care hospitals, 21 short-stay hospitals and more than 460 outpatient centers through its subsidiaries, partnerships and joint ventures. Tenet is among the nation's largest investor-owned hospital chains behind HCA Holdings, which has 177 hospitals and 119 surgery centers.

Source: Forbes August 31, 2017 20:43 UTC