Deals
Tenet Likely to Drop Healthscope Bid, Investor Says
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Tenet Healthcare Corp. will likely drop its bid for Healthscope Ltd., Australia’s second-largest hospital operator, after pressure from shareholders, one of Tenet’s largest investors said.
“I would like them to back down, and I believe they will,” Larry N. Feinberg, president of Oracle Investment Management Inc., of Greenwich, Connecticut, said today in an interview. Oracle is Tenet’s fourth-largest holder, with a 3.3 percent stake as of March 31, according to Bloomberg data.