Tenet Healthcare Corp Stock Price, News & Analysis

Tenet Healthcare Corporation (NYSE: THC) will present at the BofA Securities 2022 Leveraged Finance Conference on November 29, 2022, at 8:10 a.m. Eastern time. Investors can access the live webcast and audio archive through Tenet's investor relations website, with a replay available for 30 days post-event.

Headquartered in Dallas, Tenet operates a diverse healthcare network, including over 465 ambulatory surgery centers, 61 hospitals, and various outpatient facilities, aiming to deliver quality care in the communities served.

Tenet Healthcare Corporation (NYSE: THC) will present at the Credit Suisse 31st Annual Healthcare Conference on November 8, 2022, at 11:00 a.m. Eastern time. Investors can access a live webcast and audio archive through the investor relations section of Tenet's website, where the replay will be available for 30 days. Based in Dallas, Tenet operates a diverse healthcare network, including over 465 ambulatory surgery centers and 61 acute care hospitals. Through its Conifer Health Solutions subsidiary, the company provides revenue cycle management and value-based care services.

Tenet Healthcare reported a net income of $131 million in Q3 2022, translating to $1.16 per diluted share, down significantly from $448 million in Q3 2021. Adjusted diluted EPS decreased to $1.44. Consolidated Adjusted EBITDA was $841 million, a slight decline from $855 million year-over-year. The company announced a $1 billion share repurchase program to enhance shareholder value and revised its FY 2022 Adjusted EBITDA outlook to a range of $3.375 billion to $3.475 billion.

While USPI saw a 16.4% EBITDA growth, hospital admissions dropped by 5.3% reflecting pandemic pressures.

Tenet Healthcare Corporation (NYSE: THC) will announce its third quarter results on October 20, 2022, after market close. A conference call is scheduled for October 21, 2022, at 10:00 a.m. Eastern time. Interested parties can access the live webcast and audio archive via the company’s investor relations website. Tenet operates a vast care network, including over 465 ambulatory surgery centers and 61 acute and specialty hospitals, aiming to provide quality healthcare services across various communities.

Destination Pet announces the appointment of Dr. Jennifer Strickland Fowler as its new Chief Executive Officer effective August 1, 2022. Dr. Fowler, formerly the Chief Operating Officer at Tenet Physician Resources, is expected to lead the company through its next growth phase. Her extensive experience includes enhancing operations and growth at Millennium Health. Destination Pet operates across 23 states and offers integrated pet and medical care services.

Tenet Healthcare Corporation (THC) reported Q2 2022 net income of $38 million, down from $120 million in Q2 2021. Adjusted EBITDA rose to $843 million, slightly up from $834 million year-over-year. Diluted earnings per share dropped to $0.35 from $1.11 in Q2 2021. A cybersecurity incident negatively impacted adjusted admissions by 5.3%. The acquisition of USPI's remaining 5% stake cost $406 million. Tenet reaffirmed its FY 2022 Adjusted EBITDA outlook at $3.375 billion to $3.575 billion, despite a significant debt refinancing, reducing future annual interest payments by $61 million.

Tenet Healthcare Corporation (NYSE: THC) will report its second-quarter results for the period ending June 30, 2022, after market close on July 21, 2022. A conference call is scheduled for July 22, 2022, at 10:00 a.m. Eastern time, accessible via a live webcast on Tenet's investor relations page.

Tenet operates a comprehensive healthcare network, including approximately 440 ambulatory surgery centers, 60 acute care hospitals, and a subsidiary, Conifer Health Solutions, which offers revenue cycle management services.

United Surgical Partners International (USPI) and United Urology Group (UUG) announced a joint venture to enhance their ambulatory surgery centers (ASCs) across Maryland, Colorado, and Arizona. USPI will acquire part of UUG's interests in established and new facilities. This collaboration aims to improve access to high-quality urologic care and expand USPI's existing urology service line, leveraging UUG's network of over 140 leading urology physicians. The deal is expected to be finalized in Q3 2023, pending regulatory approvals.

Tenet Healthcare Corporation (NYSE: THC) will present at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 14, 2022, at 1:00 p.m. Eastern time in Rancho Palos Verdes, CA. A live webcast will be available on Tenet’s investor relations website, with a replay accessible for 30 days.

Based in Dallas, Tenet operates a comprehensive care network, including approximately 440 ambulatory surgery centers, 60 acute care hospitals, and 110 outpatient facilities. The company aims to provide quality healthcare services to communities.