Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tenet Healthcare Corp. (“Tenet” or the “Company”) (NYSE: THC) securities between February 28, 2012 and October 3, 2016, inclusive (the “Class Period”). Tenet investors have until December 6, 2016 to file a lead plaintiff motion.

Investors suffering losses on their Tenet investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint alleges that throughout the Class Period, Tenet made false and misleading statements and/or failed to disclose that: the Company illegally paid kickbacks to induce the referral of patients to Tenet's hospitals for labor and delivery; that Tenet defrauded the Georgia Medicaid program through this scheme; and that as a result of the above, statements about Tenet's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On October 3, 2016, Tenet revealed that it would pay $514 million to federal and state governments in order to settle claims that the Company's hospitals in Georgia and South Carolina paid kickbacks for obstetric referrals. Under the terms of the settlement, two Tenet subsidiaries will plead guilty to one count of conspiracy to violate federal kickback laws.

On this news, Tenet's share price fell over 4%, to close at just $21.75 per share on October 3, 2016.

If you purchased shares of Tenet during the Class Period you may move the Court no later than December 6, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.