Health Care Facilities

Tenet Healthcare Corp (NYSE: THC) shares advanced 50.12% to $6.44. Community Health Systems Inc (NYSE: CYH) reported that Tenet Healthcare Corp (NYSE: THC) rejected its takeover offer of $7.3 billion, or $6 per share, representing a 40% premium over THC's closing price on Thursday. Jackson Hewitt...

Tenet Healthcare Corporation's (NYSE: THC) board rejected a $6/share (40% premium) from Community Health Systems, Inc. (NYSE: CYH), Citigroup reports. As a result, CYH has taken its bid to a public shareholder appeal. “We think the offer is fairly compelling (our PT was previously only $5) and...

• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...

Community Health Systems (NYSE: CYH) is down 4.3% in pre-market trading after the company offered to buy Tenet Healthcare (NYSE: THC) for $6.00 per share in cash and stock. CYH was downgraded to Hold from Buy at Lazard on this news. The offer price was for $7.30 billion for the company, and it...

Community Health Systems, Inc. (NYSE: CYH) announced that Tenet Healthcare Corporation's (NYSE: THC) board had rejected an unsolicited $6 bid ($5 cash, $1 stk), Citigroup reports. “We are surprised, but have a hard time being critical and see parallels to CYH's 2007 Triad Hospitals acquisition,”...

Deutsche Bank reports Community Health Systems' (NYSE: CYH)bid on Tenet Healthcare (NYSE: THC) was rejected. In a note to clients, Deutsche Bank reports, "CYH went public with a surprise $6/share bid for THC comprised of $5/share in cash and $1/share in CYH stock. The offer has been rejected by THC...

• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...

Goldman Sachs reports that Community Health Systems, Inc. (NYSE: CYH) has made an offer to purchase Tenet Healthcare Corporation (NYSE: THC) for $6/share ($5 cash, $1stock), a 40% premium to THC's closing price, reflecting 7.6x EV/EBITDA (TTM). “CYH expects the deal would be accretive to EPS in the...

Hanger Orthopedic Group, Inc. (NYSE: HGR) announced today the pricing of the previously announced public offering of 2,000,000 shares of its common stock by Ares Corporate Opportunities Fund, L.P. at a public offering price of $20.00 per share.

Oppenheimer & Co. has a $51 price target and an Outperform rating on Community Health Systems, Inc. (NYSE: CYH). In a note sent to investors Oppenheimer writes, "Community Health Systems announced that Dallas-based Tenet Healthcare has declined its offer for $6/share ($5 cash, $1 in stock),...

Community Health Systems (NYSE: CYH) has offered $6 per share for Tenet Healthcare (NYSE: THC). The deal values the company at around $3 billion. The price represents a 40% premium to Tenet's closing price on Thursday. The offer is a mix of cash and CYH stock. If the deal is completed, THC...

Emeritus Corporation (NYSE: ESC) today announced the closing of acquisitions involving eight communities consisting of approximately 825 units. On October 29, 2010, the Company completed the lease acquisition of a 100-unit assisted living and memory care community located in Brandon, Mississippi....

Fisher Communications Inc (NASDAQ: FSCI) shares gained 0.29% to create a new 52-week high of $20.62. FSCI launched "THIS TV Bakersfield" in Bakersfield, CA. Orexigen Therapeutics Inc (NASDAQ: OREX) shares rose 114.78% to touch a new 52-week high of $10.46. A Food and Drug Administration (FDA) panel...

Ventas Inc. (VTR), a leading healthcare real estate investment trust (‘REIT'), has recently completed the acquisition of the full ownership of 58 high-quality senior living communities from Sunrise Senior Living Inc. (SRZ), the largest provider of senior living services in the U.S., for $186...