Welcome to our dedicated page for Tenet Healthcare news (Ticker: THC), a resource for investors and traders seeking the latest updates and insights on Tenet Healthcare stock.
News about Tenet Healthcare Corporation (NYSE: THC) centers on its role as a diversified healthcare services company with operations in general medical and surgical hospitals, ambulatory surgery centers, and healthcare business services. Tenet is headquartered in Dallas and regularly issues press releases and SEC-related announcements that provide insight into its hospital and ambulatory performance, capital structure, and strategic priorities.
Investors and healthcare observers following Tenet’s news can expect detailed quarterly earnings releases that discuss results for its Ambulatory segment, anchored by United Surgical Partners International, and its Hospital Operations and Services segment. These updates often highlight same-facility or same-hospital revenue trends, case mix, acuity, payer mix, and segment-level Adjusted EBITDA, along with commentary on operational discipline and focus areas such as higher acuity services.
Tenet’s news flow also includes announcements about upcoming earnings release dates and conference calls, participation in healthcare conferences, and descriptions of its mission to deliver quality, compassionate care. In addition, the company issues press releases related to financing activities, such as private offerings of senior secured first lien notes and senior notes used to refinance existing indebtedness, and other capital markets transactions that are later reflected in Form 8-K filings.
Sector-specific updates can feature collaborations and sponsorships that relate to clinical specialties, such as orthopaedics through partnerships involving Tenet and United Surgical Partners International. For anyone tracking THC stock, this news page provides a centralized view of Tenet’s public communications, from financial results and outlook commentary to strategic initiatives, governance developments and capital structure actions.
Tenet Healthcare Corporation (NYSE: THC) has successfully acquired SurgCenter Development (SCD) for approximately $1.1 billion. This acquisition includes 86 ambulatory surgery centers (ASCs) and related support services. Additionally, USPI, a subsidiary of Tenet, is seeking to acquire up to $250 million in equity from physician owners of these ASCs. The phased consolidation is expected to yield an estimated fully ramped Adjusted EBITDA of $275 million within three to four years. USPI aims to partner with SCD to develop at least 50 new centers over five years.
Tenet Healthcare Corporation (NYSE: THC) is set to present at the BofA Securities Leveraged Finance Conference on November 30, 2021, starting at 9:45 a.m. ET. A live webcast will be accessible in the investor relations section of Tenet's website and will be available for replay for 30 days. Headquartered in Dallas, Tenet operates over 60 hospitals and approximately 460 healthcare facilities, employing over 100,000 individuals. Tenet is dedicated to providing quality care across its expansive network.
Tenet Healthcare Corporation (NYSE: THC) announced the retirement of Regina Nethery, Vice President of Investor Relations, effective at the end of 2021. Nethery's tenure was marked by significant contributions, earning recognition as one of the best Investor Relations professionals by Institutional Investor. Dan Cancelmi, CFO, and Ron Rittenmeyer, Executive Chairman, expressed gratitude for her strategic counsel and dedication. Tenet is currently conducting a national search for her replacement with Russell Reynolds Associates.
Tenet Healthcare Corporation (NYSE: THC) announced the pricing of a private placement offering of $1.45 billion in senior secured first lien notes due January 15, 2030, with a 4.375% interest rate. The offering is expected to close on December 1, 2021, subject to market conditions. Proceeds will finance the acquisition of Surgical Center Development's ownership interest in 92 ambulatory surgery centers, with excess funds for general corporate purposes, including debt repayment. The offering is not registered under the Securities Act, limiting its distribution.
Tenet Healthcare Corporation (NYSE: THC) announced a private placement offering of $1.450 billion in senior secured first lien notes due in 2030. Proceeds will finance the acquisition of assets related to 92 ambulatory surgery centers and cover general corporate purposes, including debt repayment. The notes will be secured on a first lien priority basis, effectively senior to existing debts. The offering will target qualified institutional buyers under Rule 144A of the Securities Act. The completion depends on market conditions.
Tenet Healthcare Corporation (NYSE: THC) will present at the Wolfe Research Virtual Healthcare Conference on November 18, 2021, at 11:00 a.m. Eastern time. Investors can access a live webcast and the audio archive via the investor relations section of Tenet's website, with the replay available for 30 days.
Headquartered in Dallas, Tenet operates over 60 hospitals and approximately 460 healthcare facilities, including surgery centers and clinics, employing more than 100,000 individuals. The company is dedicated to delivering quality care in the communities it serves.
Tenet Healthcare Corporation (NYSE: THC) and its subsidiary United Surgical Partners International (USPI) have announced a definitive agreement to acquire SurgCenter Development (SCD), encompassing 92 ambulatory surgery centers (ASCs) for approximately $1.2 billion. This acquisition aims to bolster USPI's leadership in the ambulatory surgery sector, further enhancing Tenet's EBITDA margins and free cash flow. A five-year partnership agreement will facilitate future development projects, focusing on musculoskeletal services. The deal is expected to close in Q4 2021, subject to regulatory approvals.
Tenet Healthcare Corporation (NYSE: THC) is set to present at the Credit Suisse 30th Annual Healthcare Conference on November 9, 2021, at 12:10 p.m. Eastern time. The presentation will be accessible via a live webcast on Tenet’s investor relations website, with a replay available for 30 days. Headquartered in Dallas, Tenet operates over 60 hospitals and approximately 460 healthcare facilities, including surgical hospitals and imaging centers. They provide a range of services, focusing on delivering quality, compassionate care to their communities.
Tenet Healthcare Corporation (NYSE: THC) reported a net income of $448 million for Q3’21, a significant recovery from a net loss of $197 million in Q3’20. Q3’21 Adjusted EBITDA was $855 million compared to $551 million in Q3’20. Diluted earnings per share rose to $4.12 from a loss of $1.87. Additionally, same-hospital adjusted admissions increased by 4.4%, with net patient service revenue per adjusted admission up by 6.2%. Tenet raised its FY 2021 outlook, projecting earnings between $7.09 and $7.50 per share. The company also completed a sale of its Miami-area hospitals, generating $1.1 billion.
United Surgical Partners International (USPI), a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has signed a definitive agreement to acquire Compass Surgical Partners' interests in nine ambulatory surgery centers (ASCs) across Florida, North Carolina, and Texas. USPI will manage and jointly own these centers alongside approximately 125 physicians. The transaction, expected to close in Q4 2021, aligns with USPI's strategy of enhancing its portfolio of established and developing facilities, primarily focused on musculoskeletal procedures.