Tenet Healthcare falls after Fuzzy Panda takes short position

Tenet Healthcare

11/06/2025 14:26

** Shares of hospital operator Tenet Healthcare THC.N fall 3.1% to $151.55 premarket

** Short seller Fuzzy Panda says it is short on co after its analysis showed that Tenet could be fined $675-$845 million on high outlier payments from Medicare

** "Analysis indicates Medicare paid THC excess outlier payments of >$167 million. Excess outlier payments drop directly to the bottom line; they are pure profit"- Fuzzy Panda says

** Medicare, the U.S. program for people aged 65 and older or with disabilities, must also pay hospitals and other healthcare facilities to reimburse them for the medical care they provide

     ** THC did not immediately respond to a Reuters request for comment

** Shares of THC and other hospital operators also fell on a White House memo that called for eliminating waste in Medicaid

** Up to last close, THC up 24% YTD

 (Reporting by Sneha S K)

 ((Sneha.SK@thomsonreuters.com))