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The growing clash between Tenet and Glenview

Glenview's Larry Robbins speaks at a conference.
Larry Robbins wants more changes at Tenet Healthcare. Photo: Adam Jeffery / CNBC/NBCU Photo Bank via Getty Images

The fight between hospital chain Tenet Healthcare and hedge fund Glenview Capital Management has intensified, and Glenview has made it clear it wants to push out four of Tenet's board members.

The bottom line: Glenview, led by billionaire Larry Robbins, owns almost 18% of Tenet and has the power to rally for bigger, quicker changes. The firm most recently took direct shots at Tenet's "chronically underperforming" finances and "shareholder-unfriendly" practices.