After refusing the last offer Tenet has re-filed it’s lawsuit and now we have the SEC involved along with HHS, so they are in the spotlight now after the hostile take over attempt with Tenet. In addition two shareholders have also filed suit against the company. Below is the post about Tenet changing their lawsuit conditions.
If nothing else the hostile take over attempt sure brought a lot of items to court and opened up interest with investigating how Community Health System does business so they seem to be under a larger magnifying glass than before. BD
The Securities and Exchange Commission issued a subpoena to Community Health Systems for documents related to the various probes of its emergency room practices and observation visits, according to a company securities filing.
The Franklin, Tenn., company received the subpoena on May 13. The SEC also seeks documents that the company relied upon in making its responses to the securities lawsuit filed against it by Tenet Healthcare Corp., Dallas, according to the filing. Tenet filed an amended complaint Monday in the case in U.S. District Court in Dallas, as Community's filing noted. The company continues to believe that the case is without merit, according to the filing.