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Rogelio V. Solis / AP

Investors are debating whether troubled for-profit hospital operator Tenet Healthcare should break up into three separate companies — one focused on its main hospital assets, another devoted to its growing ambulatory surgery centers and a third featuring its medical billing company, Conifer.

Key quote: "Those arguments will likely get more attention in the coming months," Trevor Fetter, Tenet's soon-to-be ousted CEO, said Wednesday at the Baird Global Healthcare Conference.

Between the lines: Tenet is mired in losses, and activist investor Glenview Capital Management wants changes. Splintering into three companies isn't a certainty for Tenet, a chain with $19 billion in annual revenue, but Fetter revealed it's at least being seriously discussed.

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Ipsos poll: COVID trick-or-treat.
  2. World: Greece tightens coronavirus restrictions as Europe cases spike.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: Fully at-home rapid COVID test to move forward.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."

Trump's legacy is shaped by his narrow interests

Illustration: Annelise Capossela/Axios

President Trump's policy legacy is as much defined by what he's ignored as by what he's involved himself in.

The big picture: Over the past four years, Trump has interested himself in only a slim slice of the government he leads. Outside of trade, immigration, a personal war against the "Deep State" and the hot foreign policy issue of the moment, Trump has left many of his Cabinet secretaries to work without interruption, let alone direction.

Bryan Walsh, author of Future
5 hours ago - Technology

AI and automation are creating a hybrid workforce

Illustration: Annelise Capossela/Axios

AI and automation are receiving a boost during the coronavirus pandemic that in the short term is creating a new hybrid workforce rather than destroying jobs outright.

The big picture: While the forces of automation and AI will eliminate some jobs and create some new ones, the vast majority will remain but be dramatically changed. The challenge for employers will be ensuring workforces are ready for the effects of technology.

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