Here’s what you should know:
1. WSJ spoke to anonymous sources saying Tenet is working with investment banks Lazard and Barclays to arrange meetings with possible buyers.
2. Tenet has $15 billion in debt, but the for-profit hospital chain has a “so-called enterprise value” around $20 billion.
3. WSJ reports the list of buyers willing to take on Tenet’s debt is small. However, Forbes believes if Tenet decides to sell, there could be several suitors, potentially including: HCA Holdings, Community Health Systems or UnitedHealth Group’s Optum unit.
4. Tenet’s stock has fallen around 30 percent year-over-year. Uncertainty spurred by the government’s indecisiveness on healthcare issues is driving down Tenet’s stock.
5. Tenet’s CEO Trevor Fetter announced he would step down on Aug. 31 and two Tenet board members resigned citing irreconcilable differences.
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