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) will announce its third quarter results for the period ending September 30, 2021, after market close on Wednesday, October 20, 2021. A conference call discussing these results is scheduled for the next morning, Thursday, October 21, 2021, at 10:00 a.m. Eastern time. Interested parties can access the live webcast via the investor relations section of Tenet's website. Tenet operates 60 hospitals and over 460 healthcare facilities, employing 102,000 people, with a mission to provide quality care in the communities served.
Tenet Healthcare Corporation (NYSE: THC) and Cigna Corporation (NYSE: CI) announced a new multi-year contract, ensuring Cigna customers have continued in-network access to Tenet’s healthcare facilities through 2025. This agreement, finalized four months ahead of the previous contract's expiration, emphasizes the importance of uninterrupted access to quality care amidst the ongoing pandemic. The collaboration will also expand access to lower-cost ambulatory surgery centers.
The contract takes effect on January 1, 2022.
Tenet Healthcare Corporation (NYSE: THC) announced the redemption of $1.100 billion of its 4.625% senior secured first lien notes due July 15, 2024. This strategic move aims to reduce future annual cash interest payments by about $50 million. The debt retirement will be financed through proceeds from the recent sale of five hospitals in Miami-Dade and Southern Broward counties. The redemption will occur on September 10, 2021, at a price of 101.156% of the principal, plus accrued interest, underscoring Tenet's commitment to long-term debt reduction.
Tenet Healthcare Corporation (NYSE: THC) announced a leadership transition, designating Saum Sutaria, M.D., as the new CEO effective September 1, 2021. Ron Rittenmeyer will remain as Executive Chairman through 2022, maintaining oversight during this transition. Rittenmeyer emphasized the importance of quality care and a robust succession plan throughout his tenure. Sutaria, who joined Tenet in 2019 and previously worked at McKinsey & Company, expressed his commitment to enhancing healthcare services and community partnerships as he steps into this pivotal role.
Tenet Healthcare Corporation (NYSE: THC) has completed the sale of its five hospitals in Miami-Dade and Southern Broward counties, which includes Coral Gables Hospital, Florida Medical Center, Hialeah Hospital, North Shore Medical Center, and Palmetto General Hospital. The sale encompasses related operations, and associated physician practices, but Tenet's ambulatory facilities operated by United Surgical Partners International in these areas will remain with the company. This transaction signifies Tenet's strategic shift within the healthcare market.
Tenet Healthcare (NYSE: THC) has announced the successful completion of its 2021 Healthy Over Hungry® Cereal Drive, collecting over 1.1 million servings of cereal to assist those facing hunger, particularly children without access to school nutrition programs during summer months. The initiative took place from June 7 to June 14, benefiting more than 75 local food banks. The program, which started in 2010, has provided over 20 million servings since its national expansion in 2014. Tenet emphasizes its commitment to community health and support through this philanthropic effort.
Tenet Healthcare Corporation (NYSE: THC) reported Q2 2021 results, showing a net income of $120 million ($1.11 per diluted share), up from $88 million in Q2 2020. Adjusted EBITDA rose to $834 million. The company’s strategic pivot includes divesting urgent care and Miami-area hospital operations while enhancing high-acuity services. Despite COVID-related challenges, patient volumes increased significantly, with same-hospital net patient service revenues climbing 33.1%. For FY 2021, Tenet projects net operating revenues of $19,250 to $19,650 million, with adjusted EBITDA between $3,150 and $3,250 million.
Tenet Healthcare Corporation (NYSE: THC) will announce its second-quarter financial results for the period ending June 30, 2021, post-market on July 21, 2021. A conference call is scheduled for the next morning, July 22, 2021, at 10:00 a.m. Eastern time. Investors can follow the live webcast through the investor relations section of Tenet's website.
With a workforce of 108,000, Tenet operates 65 hospitals and over 450 healthcare facilities, aiming to deliver quality care.
Steward Health Care System has signed a definitive agreement to acquire five hospitals from Tenet Healthcare for approximately $1.1 billion. This marks Steward's first acquisition after gaining full physician control in 2020. The hospitals included are Coral Gables, Florida Medical Center, Hialeah, North Shore, and Palmetto General. Post-transaction, Tenet’s Conifer Health Solutions will continue managing revenue cycles for these hospitals. The acquisition will increase Steward’s total hospital count to 44 and significantly expand its presence in Florida.
Tenet Healthcare Corporation (NYSE: THC) will present at the Goldman Sachs Annual Global Healthcare Conference on June 9, 2021, at 8:50 a.m. Eastern Time. A live webcast and audio replay will be available in the investor relations section of Tenet's website for 30 days. Tenet Healthcare is a diversified services company with 108,000 employees, operating 65 hospitals and over 450 healthcare facilities, including surgical hospitals and clinics. The company aims to provide quality care in the communities it serves. More details can be found at www.tenethealth.com.