THC Surges After Signing Contract With Cigna

Shares of Tenet Healthcare Corp THC moved after the company signed a multi-year contract with Cigna CI. The Dallas, Texas-based company has signed a new multi-year contract with Cigna. Under the plan, participants of CI’s health plan will have access to all health care services available at hospitals owned and operated by THC. Tenet Healthcare’s shares have fallen 23.01% year-to-date, and have lost 11.89% over the past week. THC jumped 5.78% to $4.39 at 1:12 pm. Read more from Benzinga's Company news.