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Tenet Healthcare (THC) will be participating in the BofA Securities 2024 Health Care Conference on May 14, 2024. Investors can access the live webcast and audio archive on Tenet's investor relations website.
Tenet Healthcare (Tenet) (NYSE: THC) reported strong financial results for the first quarter of 2024, exceeding guidance and raising their 2024 financial outlook. Key highlights include net income of $2.151 billion, adjusted diluted earnings per share of $3.22, and an increase in Consolidated Adjusted EBITDA by 23.1%. The company has shown growth in revenues, admissions, and profitability, attributing it to operational excellence and strategic decisions. Cash flows and debt reduction have also improved. Recent transactions include retiring senior notes and completing hospital sales, impacting future interest payments positively. The outlook for 2024 shows strong projections across segments.
