Tenet Reaches Contract With Insurer Humana

Tenet Healthcare Corp., the second-largest U.S. hospital chain, reached a two-year contract with Humana Inc. that gives the insurer's members continued access to Tenet's 15 hospitals and diagnostic centers in south Florida.

The contract replaces an agreement that expired Sunday, the companies said. Terms weren't disclosed.

Tenet, based in Santa Barbara, is cutting costs and seeking better terms on contracts with managed-care providers in a bid to stem revenue declines and six quarters of net losses.

Tenet shares closed unchanged at $11.18 on the NYSE.