Tenet Looks to Sell Conifer, Its Frisco-based Debt Collection Company

Nearly two months after announcing major layoffs, Dallas-based Tenet Healthcare says it is expanding its cost-saving initiative and will cut an additional $100 million by the end of 2018. In addition to the now $250 million cost-reduction effort, Tenet said it is exploring the sale of one of its three main business segments, Conifer Health Solutions, a Frisco-based debt collection firm.With $15 billion in long-term debt logged as of June 30, the company said Tuesday that it is continuing to take “aggressive actions” to improve its financial performance, accelerate growth and eliminate unnecessary costs."We remain open to all options that can enhance shareholder value," said the interim current chairman and CEO, Ronald A. Rittenmeyer, who took over the organization in September.  Continue reading...

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