Health Care Down Amid Growth Fears -- Health Care Roundup

Features Dow Jones Newswires

Shares of health-care companies fell amid concerns about the growth outlook for the sector, in light of changes to the regulatory system.

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Hospital chain Tenet Healthcare declined after it warned it would have to increase the number of job cuts previously targeted. In a presentation to investors at the J.P. Morgan Healthcare Conference in San Francisco, the company announced its cost-cutting efforts would increase the number of job cuts to 2,000, or about 2% of its workforce, from 1,300 it had previously announced. Tenet is among the hospital chains that benefited from expansion of health-insurance coverage under the Affordable Care Act.

--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 08, 2018 16:25 ET (21:25 GMT)