Hedge fund unloads $133M of Tenet shares

Glenview Capital Receives ISS Support To Replace HMA Board

Glenview Capital Management, the hedge fund run by Larry Robbins, has a 12.9 percent stake in Tenet Healthcare after recently selling shares of the Dallas-based company, according to a Securities and Exchange Commission filing.

Glenview sold 2.5 million shares of Tenet, a 65-hospital system, on March 22 for $53.3 per share, bringing in a total of $133.25 million. 

Tenet shares closed March 24 at $50.03 per share, down from $50.49 a day earlier, according to Yahoo Finance

Tenet ended 2020 with net income of $399 million on revenue of $17.64 billion, compared to a net loss of $215 million on revenue of $18.48 billion a year earlier. 

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