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 (NYSE: THC) has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024. Following the release, the company will host a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time) to discuss the results.
Investors and interested parties can access a live webcast and audio archive of the conference call through the investor relations section of Tenet's website at www.tenethealth.com/investors. This announcement provides shareholders and analysts with a specific date to anticipate the company's latest financial performance update.
Tenet Healthcare (NYSE: THC) has completed the sale of its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health. The transaction includes five hospitals: Brookwood Baptist Medical Center, Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center, and Walker Baptist Medical Center, along with other related operations.
As part of the deal, Tenet's subsidiary, Conifer Health Solutions, has entered into a ten-year contract to provide comprehensive revenue cycle management services for these operations. This sale aligns with previously disclosed terms and marks a significant change in Tenet's portfolio in the Birmingham area.
Tenet Healthcare (NYSE: THC) will present at the 2024 Wells Fargo Healthcare Conference on Wednesday, September 4, 2024, starting at 9:30 a.m. Eastern time. This event will be live webcasted and archived audio can be accessed via the investor relations section on Tenet's website, www.tenethealth.com/investors. The replay will be available for 30 days.
Tenet Healthcare (NYSE: THC) has announced a definitive agreement to sell its 70% majority ownership in Brookwood Baptist Health in Birmingham to Orlando Health for $910 million in cash. The deal includes five hospitals and related operations, with after-tax proceeds of approximately $790 million. Tenet's Conifer Health Solutions will enter a new 10-year contract for revenue cycle management services. The transaction is expected to complete in fall 2024, subject to regulatory approvals. Tenet estimates a pre-tax book gain of $375 million from this deal. For the twelve months ended June 30, 2024, Tenet's equity interest in Brookwood Baptist Health generated $12 million in pre-tax income and $60 million in Adjusted EBITDA less non-controlling interest. Tenet has reaffirmed its FY24 Adjusted EBITDA Outlook.
Tenet Healthcare (NYSE: THC) reported strong Q2 2024 results, surpassing expectations. Key highlights include:
- Net income of $259 million or $2.64 per diluted share
- Adjusted EBITDA of $945 million, up 12.1% year-over-year
- Ambulatory Care Adjusted EBITDA of $447 million, up 20.8%
- New $1.5 billion share repurchase program authorized
The company raised its FY 2024 outlook, now expecting Adjusted EBITDA of $3.825-$3.975 billion and Free Cash Flow of $1.100-$1.350 billion. Strong performance was driven by volume and revenue growth, improved operating efficiency, and portfolio transformation.
Tenet Healthcare (NYSE: THC) will release its second quarter 2024 financial results on July 24, 2024, by 6:00 a.m. Central Time (CT).
This will be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time), which will be available via live webcast and audio archive on Tenet’s investor relations section of their website.
Tenet Healthcare (THC) will be participating in the BofA Securities 2024 Health Care Conference on May 14, 2024. Investors can access the live webcast and audio archive on Tenet's investor relations website.
Tenet Healthcare (Tenet) (NYSE: THC) reported strong financial results for the first quarter of 2024, exceeding guidance and raising their 2024 financial outlook. Key highlights include net income of $2.151 billion, adjusted diluted earnings per share of $3.22, and an increase in Consolidated Adjusted EBITDA by 23.1%. The company has shown growth in revenues, admissions, and profitability, attributing it to operational excellence and strategic decisions. Cash flows and debt reduction have also improved. Recent transactions include retiring senior notes and completing hospital sales, impacting future interest payments positively. The outlook for 2024 shows strong projections across segments.
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