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 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.
Tenet Healthcare (NYSE: THC) announced its acquisition of a portfolio of up to 45 ambulatory surgery centers (ASCs) from SurgCenter Development for approximately $1.1 billion in cash, while assuming $18 million in debt. This deal will enhance Tenet's ambulatory surgery platform through its subsidiary, United Surgical Partners International (USPI). The acquisition positions Tenet as the leading provider of musculoskeletal surgeries in the U.S. and is expected to generate double-digit returns on invested capital within three years, with an estimated 28% accretion to earnings per share in 2021.
Tenet Healthcare Corporation (NYSE: THC) will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 1, 2020, at 9:45 a.m. Eastern time. A live webcast and audio archive will be accessible via Tenet's investor relations website for about 30 days post-event. Tenet, headquartered in Dallas, employs 110,000 individuals and operates 65 hospitals along with approximately 520 other healthcare facilities, including surgical and urgent care centers. The company also manages Conifer Health Solutions, providing revenue cycle management and care services.
Tenet Healthcare Corporation (NYSE: THC) has appointed Saum Sutaria, M.D., as a member of its Board of Directors, expanding the board to 11 members. Sutaria, who has been the President and COO since 2019, is credited with enhancing care delivery and driving growth during challenging times, particularly through the pandemic. With a robust background in healthcare consulting and academic training in internal medicine and cardiology, his addition to the board is seen as a positive development for Tenet's strategic direction.
Tenet Healthcare Corporation (THC) reported its 3Q20 results, facing challenges from a 64% surge in COVID-19 cases. The company achieved an Adjusted EBITDA of $621 million, while cash flows rose by 26% year-over-year. Despite a net loss of $197 million attributable to common shareholders, the loss per diluted share improved to $1.87 from $2.19 in 3Q19. Tenet maintained strong liquidity with $3.3 billion in cash, having no borrowings on its $1.9 billion credit line. The company continues to navigate operational hurdles and anticipates ongoing growth in service lines to bolster future performance.