Jeb Bush resigns from Tenet Healthcare board
The move comes nearly two weeks after the politician said he was exploring the possibility of running for president in 2016.
Gage Skidmore via Flickr.
Former Florida Gov. Jeb Bush will resign from the board of healthcare giant Tenet Healthcare, according to a Securities and Exchange Commission filing posted on Christmas Eve. The move comes nearly two weeks after the politician said he was exploring the possibility of running for president in 2016.
The short filing read: "John Ellis 'Jeb' Bush notified the Board of Directors (the “Board”) of Tenet Healthcare Corporation (“Tenet”) of his decision to resign from the Board, to be effective as of December 31, 2014. Mr. Bush is not resigning on account of any disagreement with Tenet. Upon the effectiveness of Mr. Bush’s resignation, the size of the Board will be reduced from ten directors to nine."
Though Bush sits on several company boards, Politico pointed out that Tenet has seen revenue climb due to programs tied to the Affordable Care Act, President Barack Obama's controversial healthcare legislation. Most Republican's have been outspoken in their opposition to the law.
Tenet's revenue has climbed each quarter in 2014, propped up as ACA subsidies gave more people access to coverage through the health exchanges, as well as expanded Medicare coverage in several states where Tenet operates. The Texas-based system operates 77 acute care hospitals, 173 outpatient centers and six accountable care organizations.
[ALSO: Tenet's multiyear strategy pays off]
Shares of Tenet fell on Wall Street on Friday, dropping more than 1 percent to trade just under $52 a share in early trading.
