Tenet chair leaving amid Medicare probe

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Specializes in Vents, Telemetry, Home Care, Home infusion.

Posted on Wed, Apr. 09, 2003

Philadelphia Inquirer

Jeffrey C. Barbakow will remain chief executive. The board eventually will comprise outsid-ers

only.

Associated Press

SANTA BARBARA, Calif. - Tenet Healthcare Corp.'s chief executive officer, Jeffrey C. Barbakow, will step down as chairman and as a member of the board of the hospital chain while remaining CEO, company officials said yesterday.

The announcement came as a shareholder committee issued a report saying the company could face up to $6 billion in legal liability growing out of its practices for billing the Medicare program.

"As long as Tenet's board fails to act independently, as long as existing senior management re-mains in place, the value of the company remains questionable," chairman M. Lee Pearce of the Tenet Shareholder Committee said in a statement.

Full Story:

http://www.pennanurses.org/NEWS%20ARTICLES/April%202003/Tenet%20Chair%20Leaving%20Amid%20Medicare%20Probe%204-9-03.pdf

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Specializes in Vents, Telemetry, Home Care, Home infusion.

Posted on Wed, Apr. 09, 2003

Philadelphia Inquirer

Jeffrey C. Barbakow will remain chief executive. The board eventually will comprise outsid-ers

only.

Associated Press

SANTA BARBARA, Calif. - Tenet Healthcare Corp.'s chief executive officer, Jeffrey C. Barbakow, will step down as chairman and as a member of the board of the hospital chain while remaining CEO, company officials said yesterday.

The announcement came as a shareholder committee issued a report saying the company could face up to $6 billion in legal liability growing out of its practices for billing the Medicare program.

"As long as Tenet's board fails to act independently, as long as existing senior management re-mains in place, the value of the company remains questionable," chairman M. Lee Pearce of the Tenet Shareholder Committee said in a statement.

Full Story:

http://www.pennanurses.org/NEWS%20ARTICLES/April%202003/Tenet%20Chair%20Leaving%20Amid%20Medicare%20Probe%204-9-03.pdf

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Specializes in Corrections, Psych, Med-Surg.

"Tenet chair leaving amid Medicare probe"

Gee, I hope they give the poor guy an adequate separation package, so he'll have enough to eat.

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Specializes in Corrections, Psych, Med-Surg.

"Tenet chair leaving amid Medicare probe"

Gee, I hope they give the poor guy an adequate separation package, so he'll have enough to eat.

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Specializes in Critical Care.

Same story with Tenet just a different state. Having worked for a Tenet hospital in the past I can say I would never do so again.

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Specializes in Critical Care.

Same story with Tenet just a different state. Having worked for a Tenet hospital in the past I can say I would never do so again.

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