My selection of industri news

Texas-based hospital operating company Tenet Healthcare has struck a deal with health care benefits organization Aetna, Inc. The contract stipulates that at least 400 Tenet-employed doctors will be used by Aetna for their various health plan networks. Tenet confirmed Aetna’s intentions to use these doctors in the health care insurance company’s provider networks. The doctors are mostly part of Tenet’s Physician business but have a wide range of specialties such as internal medicine, family practice, and surgical specialties.
Although the deal seems to be beneficial for both parties, the US stock exchange does not seem to agree. Tenet’s shares rose 3.9 percent, or 4 cents, to $1.06 while Aetna’s stock fell 2.5%, or 61 cents, to $23.75. We will all just have to wait and see how this deal will affect both companies in the long run.