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.
Tenet Healthcare Corporation reports developments across a diversified healthcare services business that combines ambulatory surgery, hospital operations and healthcare-services outsourcing. Its care delivery network includes United Surgical Partners International, which operates ambulatory surgery centers and surgical hospitals, along with acute care and specialty hospitals, outpatient facilities, employed physician networks and a global business center in Manila.
Recurring news themes for THC include quarterly earnings, financial outlooks, same-facility revenue trends, Ambulatory and Hospital segment performance, payer-mix and expense-management commentary, and capital or ownership actions involving Conifer Health Solutions. Company updates also cover Conifer's revenue cycle management and value-based care services for hospitals, health systems, physician practices, employers and other clients, as well as Tenet's presentations at healthcare investor conferences.
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Tenet Healthcare Corporation (NYSE: THC) is set to present at the BofA Securities 2023 Health Care Conference in Las Vegas, NV, on Tuesday, May 9, 2023, starting at 9:20 a.m. Pacific Time (12:20 p.m. Eastern Time). A live webcast and audio archive will be available in the investor relations section of Tenet's website.
Tenet Healthcare, headquartered in Dallas, operates a diversified healthcare services network, which includes United Surgical Partners International, featuring over 465 ambulatory surgery centers. The company also manages 61 acute care and specialty hospitals and provides revenue cycle management through its Conifer Health Solutions subsidiary. Tenet is committed to delivering quality care across the communities it serves.
Tenet Healthcare Corporation (NYSE: THC) reported a net income from continuing operations of $143 million, or $1.32 per diluted share, for Q1 2023, marking an increase from $139 million and $1.27 per diluted share in Q1 2022. The Adjusted EBITDA for the same period was $832 million, slightly down from $888 million in the previous year. The company experienced a 21.4% growth in its Ambulatory Care Adjusted EBITDA of $340 million. Q1 2023 revenues rose to $5.021 billion compared to $4.745 billion in Q1 2022. Looking ahead, the FY 2023 Adjusted EBITDA Outlook is raised to $3.210 billion to $3.410 billion. Tenet's results reflect a focus on expanding specialty care, despite challenges in COVID-related volumes and increased income tax expenses.