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Tenet Healthcare Corp. - THC STOCK NEWS

Welcome to our dedicated news page for Tenet Healthcare (Ticker: THC), a resource for investors and traders seeking the latest updates and insights on Tenet Healthcare.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tenet Healthcare's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tenet Healthcare's position in the market.

News
Tenet Completes Sale of Six Hospitals in California
Rhea-AI Summary
Tenet Healthcare (NYSE: THC) completes the sale of six hospitals in California to UCI Health and Adventist Health.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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none
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News
Tenet to Report its First Quarter 2024 Results on April 30th
Rhea-AI Summary
Tenet Healthcare (THC) will announce its first quarter 2024 results on April 30, 2024, with a conference call to follow. Investors can access the webcast and audio archive on Tenet's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
conferences earnings
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News
Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health
Rhea-AI Summary
Tenet Healthcare (THC) announces the sale of two hospitals in San Luis Obispo County to Adventist Health for $550 million, with expected after-tax proceeds of $450 million. The transaction includes revenue cycle services by Conifer Health Solutions for Adventist Health, with estimated pre-tax book gain of $275 million. The deal aims to enhance patient engagement and optimize cashflow performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.24%
Tags
partnership
News
Tenet to Participate in Barclays 26th Annual Global Healthcare Conference
Rhea-AI Summary
Tenet Healthcare Corporation (THC) to present at Barclays Global Healthcare Conference on March 12, 2024. Investors can access live webcast and audio archive on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
conferences
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News
Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026
Rhea-AI Summary
Tenet Healthcare Corporation (THC) announces the redemption of all $2.1 billion outstanding 4.875% Senior Secured First Lien Notes due 2026. The redemption will be executed on March 5, 2024, with cash on hand, at a redemption price of 100% of the principal amount plus accrued interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Tenet Reports Fourth Quarter and FY 2023 Results; Provides 2024 Financial Outlook
Rhea-AI Summary
Tenet Healthcare Corporation (THC) reported strong financial results for the quarter and year ended December 31, 2023, with net income from continuing operations available to common shareholders reaching $244 million, or $2.30 per diluted share. The company also announced the completion of the sale of hospitals in South Carolina and California, reflecting a positive outlook for 2024. However, the company recognized additional income tax expense, and the net debt to Adjusted EBITDA ratio was 3.89x at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
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none
News
Novant Health celebrates long-term investment in South Carolina, welcomes 3 new hospitals
Rhea-AI Summary
Novant Health completes the acquisition of three coastal hospitals and associated physician clinics and operations from Tenet Healthcare Corporation, extending its presence into South Carolina. The $2.4 billion investment includes facilities in Charleston, Beaufort, and Jasper counties. Novant Health aims to transform the health and wellness of these communities through expanded specialty services and clinical expertise, prioritizing continuity of care and established patient-clinician relationships. The company sets high standards for safety and quality and was recently recognized for patient safety in North Carolina.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.7%
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none
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News
UCI Health Reaches Definitive Agreement to Acquire Four Southern California Hospitals From Tenet Healthcare Corporation
Rhea-AI Summary
The University of California, Irvine has entered into an agreement with Tenet Healthcare Corporation to acquire Tenet's Pacific Coast Network, expanding UCI Health's reach in Orange County. The acquisition includes four medical centers and associated outpatient locations, pending regulatory approvals. UCI Health aims to enhance care, clinical innovation, and scientific discovery in the region, providing access to advanced therapies and a diverse portfolio of clinical trials. The transaction is expected to be completed in spring 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.7%
Tags
acquisition
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News
Tenet Advances Portfolio Transformation and Previews Strong 2023 Results
Rhea-AI Summary
Tenet Healthcare Corporation (NYSE: THC) has completed the sale of three South Carolina hospitals to Novant Health for approximately $2.4 billion and announced a definitive agreement with UCI Health for the sale of four hospitals in Orange County and Los Angeles County, California for approximately $975 million. The company expects to exceed the high end of its latest FY23 Adjusted EBITDA Outlook range and estimates a pre-tax book gain of approximately $500 million from the anticipated transaction. The sale of the four hospitals in California generated revenues of approximately $1 billion, pre-tax income of approximately $29 million, and Adjusted EBITDA of approximately $71 million. These transactions will also support Tenet’s objective of reducing leverage. The company's actual results for the year ended December 31, 2023, may differ from preliminary estimates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.7%
Tags
none
News
Tenet to Report its Fourth Quarter 2023 Results on February 8th
Rhea-AI Summary
Tenet Healthcare Corporation (NYSE: THC) will release its Q4 2023 results on February 8, 2024. The conference call will be held at 9:00 a.m. CT. Access the webcast and audio archive on Tenet's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
conferences earnings
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Tenet Healthcare Corp.

NYSE:THC

THC Rankings

#811 Ranked by Market Cap
#920 Ranked by Stock Gains
N/A Ranked by Dividends

THC Stock Data

10.04B
90.54M
1.79%
97.02%
4.26%
General Medical and Surgical Hospitals
Health Care and Social Assistance
Link
US
Dallas

About THC

tenet healthcare corporation is a diversified healthcare services company with 115,000 employees united around a common mission: to help people live happier, healthier lives. through its subsidiaries, partnerships and joint ventures, including united surgical partners international, the company operates general acute care and specialty hospitals, ambulatory surgery centers, urgent care centers and other outpatient facilities. tenet’s conifer health solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans.