Tenet Healthcare
From Wikipedia, the free encyclopedia
| Tenet Healthcare Corp. | |
|---|---|
 |
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| Type | Public company NYSE: THC |
| Founded | 1967 |
| Headquarters | Dallas, TX, USA |
| Key people | Trevor Fetter, President/CEO Biggs C. Porter, CFO |
| Industry | Healthcare |
| Services | Hospital management |
| Revenue | ▲$8,701,000,000 USD (2006) |
| Operating income | ▼$787,000,000 USD (2006) |
| Net income | ▼$803,000,000 USD (2006) |
| Employees | 74,000 (2005) |
| Website | http://www.tenethealth.com/ |
| 2006 Consolidated Report | |
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.[1]
Contents |
[edit] History
Tenet Healthcare was founded in 1967[2].
[edit] Regional divisions
- California
- Central
- Southern States
- Florida
[edit] Controversy
On October 12, 2005, CNN reported that the Louisiana attorney general is investigating the possibility that mercy killings of critically ill patients by staff medical professionals at Memorial Medical Center, New Orleans occurred in the aftermath of Hurricane Katrina. On September 13, Tenet issued a statement: "No patients drowned nor did any die as a result of lack of food or drinking water." (CNN) (BusinessWire)
Apparently, 24 of the patients were part of a Hospice unit run by LifeCare, a company that was renting the seventh floor at Memorial hospital. The staff of LifeCare abandoned their stations leaving Tenet to care for the Hospice patients. During this period, as expected, 24 of the Hospice patients died. Tenet workers placed these corpses (numbering in the 20-30 range) in the chapel (since the morgue was now full) along with all their records for subsequent pickup once things started to return to normal in New Orleans.
In August 2007, a New Orleans grand jury declined to indict a doctor and two nurses who worked at Memorial Medical Center in the aftermath of Katrina. In 2006, the three women had been taken from their homes late at night in a highly publicized arrest orchestrated by Louisiana Attorney General Charles Foti. After the grand jury declined to return charges, a New Orleans judge expunged the women's arrest records. The doctor is suing Foti for defamation and damage to her career.
Bloomberg reported on June 30, 2006 that Tenet has agreed to pay $725 million in cash and give up $175 million in fees to resolve claims it defrauded the federal government for its over-billing of medicare claims during six years of the 1990s. To finance the settlement, it plans to sell 11 hospitals in four states. [2]
The book Coronary by author Stephen Klaidman alleges over 600 patients were subjected to unnecessary heart surgeries at the Redding Medical Center, a former Tenet hospital.
