Tenet Healthcare Corp Stock Price, News & Analysis

Tenet Healthcare Corporation (NYSE: THC) will present at the Barclays Global Healthcare Conference on March 10, 2021, at 9:10 a.m. Eastern time. A live webcast and an audio archive of the event will be available on Tenet’s investor relations website for 30 days after the presentation.

Headquartered in Dallas, Tenet Healthcare employs 110,000 people and operates 65 hospitals alongside approximately 550 healthcare facilities. The company is focused on delivering quality care and includes services such as revenue cycle management through Conifer Health Solutions.

Tenet Healthcare Corporation (NYSE: THC) will present at the Raymond James Institutional Investors Conference on March 2, 2021, at 9:10 a.m. Eastern time. A live webcast and audio archive of the event will be available on Tenet's investor relations page for 30 days. Tenet, headquartered in Dallas, employs 110,000 people and operates 65 hospitals alongside around 550 healthcare facilities, including surgical and urgent care centers. The company aims to provide quality care across communities it serves.

Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has expanded its partnership with LCMC Health to enhance physician accounts receivable management and COVID-19 vaccine scheduling services. Initially providing eligibility and enrollment services for one hospital, Conifer now supports five LCMC facilities. This collaboration aims to improve revenue cycle management, allowing LCMC to focus on patient care. Conifer's commitment is underscored by its extensive healthcare expertise, managing over $25 billion in net patient revenue annually.

On February 10, 2021, Glenview Capital Management, Tenet Healthcare's largest shareholder, publicly supported the spin-off of Tenet's Conifer subsidiary in a tax-free transaction set for mid-2022. Glenview's CEO, Larry Robbins, praised Tenet's focus on patient and worker safety during the Covid-19 pandemic and emphasized that the spin-off would enhance Conifer's growth and shareholder value. With $3.5 billion in assets under management, Glenview aims to aid Tenet in evolving towards a higher ambulatory mix and promoting strong cash generation.

Tenet Healthcare Corporation (NYSE: THC) reported strong financial results for 4Q20, achieving a net income of $414 million or $3.86 per diluted share, compared to a loss in 4Q19. Full-year adjusted EBITDA reached $3.146 billion, with a notable 7.5% increase in the hospital segment's adjusted EBITDA. The company also completed the acquisition of 45 ambulatory surgical centers for approximately $1.1 billion, enhancing its operational scope. Additionally, Tenet plans to retire $478 million in debt, reducing future interest payments by $33 million, further reflecting its strategic financial management.

Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has appointed Dina Dunn as the chief human resources officer. This move aims to strategically support the company's growth and transition into a publicly traded entity. With extensive experience in HR since joining Tenet in 2004, Dunn's leadership is expected to enhance the effectiveness and efficiency of Conifer's HR operations.

Conifer manages significant healthcare revenue cycles, handling over $25 billion in net patient revenue annually and supporting more than five million lives in value-based care services.

Tenet Healthcare Corporation (NYSE: THC) has appointed Cecil D. Haney to its Board of Directors, which now has 12 members. This strategic appointment aims to enhance the Board's leadership, particularly in cybersecurity and systems planning. Haney, a retired four-star Admiral with 38 years in the U.S. Navy, brings a wealth of experience, having previously commanded the U.S. Strategic Command and the U.S. Pacific Fleet. His extensive background includes various leadership roles in the submarine force and contributions to military diversity initiatives.

Tenet Healthcare Corporation (NYSE: THC) will present at the 2021 J.P. Morgan Healthcare Conference on January 12, 2021, at 10:00 a.m. EST. The event can be accessed via a live webcast on Tenet’s investor relations website. An audio archive will be available for 30 days post-event.

Tenet is a leading healthcare services provider based in Dallas, employing 110,000 individuals. It operates 65 hospitals and approximately 560 healthcare facilities, including surgical centers and urgent care locations. Tenet's mission focuses on delivering quality care to the communities it serves.

Tenet Healthcare (NYSE: THC) has finalized an agreement with FastMed Urgent Care for FastMed to acquire Tenet's urgent care platform, including 87 CareSpot and MedPost centers. This acquisition enhances FastMed's presence in Arizona and Texas and allows expansion into Florida and California. Tenet aims to focus on growing its ambulatory surgical services post-transaction. This strategic move is expected to close in Q1 2021, pending regulatory approvals.