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twitterTenet stock plummets 22%
Monday, June 23, 2003 | 11:20 a.m.
SANTA BARBARA, Calif. -- Shares in Tenet Healthcare Corp. plummeted today after the hospital operator projected unexpectedly weak earnings for its second, third and fourth quarters.
Tenet has been scrutinized for questions surrounding its pricing strategies. Its Medicare billing is being investigated by federal authorities.
The company said it is facing higher costs and getting lower payments from the U.S. government and managed-care companies.
Shares of Santa Barbara, Calif.-based Tenet fell hard on the outlook news. They were at $12.70 in early trading, down $3.53, or 22 percent. In North Las Vegas, Tenet owns Lake Mead Hospital.
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The Cranberries at The Pearl
The Pearl at the Palms | 8 p.m. to 11 p.m.
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Grand opening of Crystals at CityCenter
CityCenter-Crystals | 5 p.m. to 11:59 p.m.
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Sans Age spa night at The Stirling Club featuring Danne' King
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Bill Engvall at the Treasure Island Theatre
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Rodney Carrington at the MGM Hollywood Theater
MGM Grand Hotel and Casino
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ILORI sunglass boutique grand opening
Ilori Sunglass Boutique | 5 p.m. to 8 p.m.
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