Tenet Healthcare Corp. , the third- largest publicly traded hospital chain, agreed to settle a class-action lawsuit over patient deaths at a New Orleans medical center in the wake of Hurricane Katrina.
When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. If the young Robbins wanted to see him on weekends, he had to travel to Arlington Park, a nearby horse-racing track that his dad ran. During those Saturday visits, his father taught him how to handicap horses. One lesson: Know the horse and the race. Was the track dry or muddy? Did the horse win because he was fast or because the competition was lousy?
Tenet Healthcare Corp. has joined the takeover battle for Healthscope Ltd., offering A$5.80 a share for Australia’s second-biggest hospital owner, the Australian newspaper reported, without saying where it got the information. Kohlberg Kravis Roberts & Co. and CVC Asia Pacific Ltd. have also made a separate A$5.80 a share offer, the newspaper said. This compares with a bid of A$5.75 a share from a group including Blackstone, TPG Capital and Carlyle Group, according to the Australian.