Community Health Systems Inc (CYH.N), which has been trying to buy Tenet Healthcare Corp (THC.N), rejected Tenet's accusations that it improperly admitted patients to its hospitals and said it would work tirelessly to defend its reputation. "We believe that Tenet's contrived statistics lead to faulty and irresponsible conclusions," Community Health said in slides posted on its website before a Thursday conference call to discuss its first-quarter results. Calling Tenet "misguided and wrong," Community Health said it expects the accusations will have no material impact on its operations going forward. Community Health said its organization, employees and physicians adhere to high ethical standards, its management team has high credibility and a strong reputation, and its compliance program is a model in the industry.
Community Health Systems, Inc. is an operator of hospitals in the United States. Shares of CYH remained unchanged at $31.35. In the past year, the shares have traded as low as $22.33 and as high as $42.50. On average, 3537130 shares of CYH exchange hands on a given day and today's volume is recorded at 2706695.
Tenet Healthcare Corporation (Tenet) is an investor-owned company that operates in one line of business: the provision of health care services through the operation of acute care hospitals and related health care facilities. Shares of THC fell by 0.36% or $-0.025/share to $6.915. In the past year, the shares have traded as low as $3.92 and as high as $7.70. On average, 9997460 shares of THC exchange hands on a given day and today's volume is recorded at 2772965.
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