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Fortune 500 Hospital Operator to Boost Liquidity With Real Estate Deals, Credit Lines

Tenet Healthcare Plans to Furlough 500 Workers
A member of the Department of Defense medical support team leads a group of students in removing their personal protective equipment during training at the San Antonio Medical Center. (Department of Defense)
A member of the Department of Defense medical support team leads a group of students in removing their personal protective equipment during training at the San Antonio Medical Center. (Department of Defense)

Tenet Healthcare Corp., a Fortune 500 U.S. hospital operator, is planning to lay off hundreds of corporate employees and is mulling sale-leaseback transactions to raise cash as it deals with the coronavirus onslaught.

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