Why Tenet Healthcare Is a Buy - Zacks.com
Tent Healthcare has been witnessing rising earnings estimates on the back of a couple of encouraging announcements by the company. These include Tent Healthcare’s acquisition plans, partnerships and geographic expansions. Earlier, the company had reported impressive first-quarter 2014 results that drove bullish sentiment on the stock and upward estimate revision.
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With regard to partnerships, Tenet Healthcare’s alliance with Texas Tech University Health Sciences Center at El Paso in May 2014 to set up a teaching hospital is impressive. Moreover, the ACO agreement with Florida Blue in Jun 2014 and collaboration with Cigna Corp. (CI - Analyst Report) in May 2014 are noteworthy for triggering bullish sentiment.
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