A patient sifts through medical bills. Photo: Matthew J. Lee / The Boston Globe via Getty

Tenet Healthcare, a for-profit hospital chain that has struggled with debt and investor unhappiness, may sell Conifer Health Solutions, its profitable medical billing and debt collection company. Tenet has hired Goldman Sachs to shop Conifer around.

Looking ahead: Private equity has shown interest in medical billing companies. Pamplona Capital Management bought out MedAssets in 2015 for $2.7 billion. Based on Conifer's profitability, Tenet could fetch at least $2.5 billion from a sale.

Go deeper: Bloomberg recently explored how hospitals are reaping profits from Conifer and other debt collectors, but the practice surprises patients and threatens their credit.

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 12,220,166 — Total deaths: 553,438 — Total recoveries — 6,696,632Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,111,902 — Total deaths: 133,195 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: More young people are spreading the virus Cases rise in 33 statesFlorida reports highest single-day death toll since pandemic began.
  4. Science: World Health Organization acknowledges airborne transmission of coronavirus.
  5. 1 🐂 thing: How the world could monitor for potential pandemic animal viruses.
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Inside Joe Biden's economic plan

Joe Biden on Thursday returned to his hometown of Scranton, Pennsylvania, to give his first major speech on economic policy since becoming the Democratic Party’s presumptive presidential nominee.

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Countries grapple with whether to lock back down as hotspots emerge

Tokyo in the time of coronavirus. Photo: Charly Triballeau/AFP via Getty

Many politicians and public health officials sounded a similar lockdown refrain in the spring: let’s do this right so we only have to do it once.

Reality check: While some countries have thus far managed to keep cases under control after opening up, dozens of countries that had initially turned a corner are now seeing a worrying rebound. They have to decide if and how to return to lockdown — and whether their populations will stand for it.