Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:12:\"user warning\";s:8:\"%message\";s:176:\"Table './themoney_2011new/nodewords_custom' is marked as crashed and last (automatic?) repair failed\nquery: SELECT pid, path FROM nodewords_custom ORDER BY weight ASC\";s:5:\"%file\";s:71:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords.module\";s:5:\"%line\";i:1384;}', 3, '', 'http://themoneytimes.com/node/144778', '', '54.144.72.150', 1455353308) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:388:\"mktime(): It is not safe to rely on the system\'s timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone \'UTC\' for now, but please set date.timezone to select your timezone.\";s:5:\"%file\";s:93:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords_extra/nodewords_extra.module\";s:5:\"%line\";i:401;}', 3, '', 'http in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:386:\"date(): It is not safe to rely on the system\'s timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone \'UTC\' for now, but please set date.timezone to select your timezone.\";s:5:\"%file\";s:93:\"/home/themoney/public_html/sites/all/modules/nodewords/nodewords_extra/nodewords_extra.module\";s:5:\"%line\";i:406;}', 3, '', 'http:/ in /home/themoney/public_html/includes/database.mysql.inc on line 135
Tenet Healthcare Shares Skyrocketed: What You Need to Know | The Money Times

Money Matters - Simplified

Tenet Healthcare Shares Skyrocketed: What You Need to Know

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.


 What: Shares of hospital operator Tenet Healthcare (NYSE:THC) soared a staggering 55% in intraday trading Friday on news that larger rival Community Health Systems (NYSE:CYH) offered to buy it for $3.3 billion in November.

So what: The deal, which would create the nation's largest hospital operator if accepted, represents a whopping 40% premium to Tenet's closing price Thursday. Of course, with Tenet having rejected the unsolicited bid as "not remotely fair value," Mr. Market feels confident enough in a substantially higher offer to send the shares well past the offer price. 

Now what: When you make 50% in one morning, taking at least some dough off the table seems like the prudent thing to do. While it might be tempting to hold out for a higher offer, the risk (even if it's small) that Community Health might back off altogether might not be worth taking. With Tenet peers like LifePoint Hospitals (Nasdaq: LPNT) and Health Management (NYSE: HMA) both trading at reasonable price multiples, there might be cheaper places to place your bet.

© 2010 UCLICK L.L.C.

 

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:12:\"user warning\";s:8:\"%message\";s:361:\"Table 'themoney_2011new.accesslog' doesn't exist\nquery: INSERT INTO accesslog (title, path, url, hostname, uid, sid, timer, timestamp) values('Tenet Healthcare Shares Skyrocketed: What You Need to Know ', 'node/144778', '', '54.144.72.150', 0, '74b2ce532fa798f08116a34270b6919a', 275, 1455353308)\";s:5:\"%file\";s:63:\"/home/themoney/public_html/modules/statistics/statistics.module\";s:5:\"%line\";i:63;}', 3, '', 'http://themoneytimes. in /home/themoney/public_html/includes/database.mysql.inc on line 135