NOT WITH A DEAL, BUT A WHIM­PER

Modern Healthcare - - The Week In Healthcare -

Com­mu­nity makes un­so­licited $7.3 bil­lion of­fer in letter to Tenet’s board. Tenet re­jects of­fer in letter to Wayne Smith, Com­mu­nity’s chair­man, pres­i­dent and CEO.

Com­mu­nity makes of­fer pub­lic. Com­mu­nity says it will nom­i­nate slate of direc­tors to Tenet’s board. Tenet adopts share­holder rights plan to block hos­tile of­fers, amends by­laws to de­lay an­nual meet­ing. Tenet pro­vides out­look through 2015 to bol­ster case that Com­mu­nity’s of­fer is too low. Tenet files fed­eral law­suit al­leg­ing that Com­mu­nity failed to dis­close po­ten­tial Medi­care fraud li­a­bil­i­ties.

Com­mu­nity re­vises its of­fer to all-cash.

Com­mu­nity files mo­tion to dis­miss Tenet's law­suit.

Tenet re­jects all-cash of­fer. Com­mu­nity raises of­fer, sets May 9 dead­line. Health Man­age­ment As­so­ciates cho­sen to ac­quire Knoxville, Tenn., sys­tem, beat­ing Com­mu­nity. Tenet re­jects in­creased of­fer. Com­mu­nity with­draws of­fer and di­rec­tor nom­i­nees.

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