Aug 4 Hospital operator Tenet Healthcare Corp
on Monday posted a narrower quarterly net loss and
raised its full-year outlook, saying patient admissions grew at
Tenet, the third-largest U.S. for-profit hospital chain,
reported a net loss of $26 million, or 27 cents a share, in the
second quarter, compared with a net loss of $50 million, or 49
cents a share, a year ago.
Second-quarter earnings before interest, tax, depreciation
and amortization (EBITDA), and excluding special items, rose to
$460 million from $336 million a year ago.
Tenet raised its outlook for 2014 EBITDA, excluding onetime
items, to a range of $1.85 billion to $1.95 billion, from its
previous forecast of $1.8 billion to $1.9 billion.
(Reporting by Susan Kelly in Chicago; Editing by Jonathan