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Tenet does not see a buyer for the whole company - RBC

Published 09/14/2017, 07:02 AM
© Reuters.  Tenet does not see a buyer for the whole company - RBC
THC
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  • In a note, RBC Capital Markets says Tenet Healthcare (NYSE:THC) does not expect to find a buyer for the entire organization considering the high degree of leverage.
  • The ambulatory business is likely the most attractive either as an outright sale or a spinoff once Tenet attains full ownership (currently 80%), but potential suitors may be put off by the presence of one highly dominant customer (Tenet).
  • HCA may be interested in certain markets, but unlikely interested in entire hospital portfolio.
  • Any deal will be complex and require time to execute.
  • THC is up 12% premarket on average volume.
  • Source: Bloomberg
  • Previously: WSJ reports Tenet mulling sale; shares up 15% after hours (Sept. 13)
  • Now read: HCA Healthcare (HCA) Presents At Baird's 2017 Global Healthcare Conference - Slideshow


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