Shares of Tenet Healthcare surged 13 percent after The Wall Street Journal reported the company is exploring its options, including a possible sale of the company, citing sources.
Last month, Tenet said it would replace longtime CEO Trevor Fetter and members of its board amid mounting pressure from Glenview Capital Management, an activist investor that owns 17.8 percent of its stock. Fetter will step down by March, 15, 2018, or when his successor is appointed, if that happens first.
Glenview pulled two of its executives from the hospital company’s board last month, citing irreconcilable differences.
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-Reuters contributed to this report