Tenet Healthcare Corporation ("Tenet" or the Company) is a multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries and partnerships, the Company operates hospitals and healthcare facilities.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Tenet illegally paid kickbacks to induce the referral of patients to Tenet's hospitals for labor and delivery; (2) through this scheme, Tenet defrauded the Georgia Medicaid program; and (3) as a result, Defendants' statements about Tenet's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

This case was transferred to the Northern District of Texas as 16-cv-03260 on November 23, 2016. The transferred case was consolidated into lead case 16-CV-2848 on February 10, 2017. An Amended Complaint was filed on April 11.

Defendants filed a Motion to Dismiss on June 12, 2017. On December 20, the Court issued an Order granting the Motion, Dismissing the Complaint with Prejudice.