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Tenet Healthcare Corp (THC.N)

THC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tenet calls for redemption of 8% senior notes due 2020
Friday, 11 Aug 2017 03:47pm EDT 

Aug 11 (Reuters) - Tenet Healthcare Corp :Tenet calls for redemption of 8% senior notes due 2020.Tenet Healthcare Corp - ‍redemption of entire $250 million aggregate principal amount of its outstanding 8% senior notes due 2020​.Tenet Healthcare Corp says notes will be redeemed on september 11, 2017, at a redemption price equal to 101.333% of principal amount of notes.  Full Article

Tenet Q2 adj share $0.38 from continuing operations
Monday, 1 Aug 2016 04:57pm EDT 

Tenet Healthcare Corp : Tenet reports results for the second quarter ended June 30, 2016 . Q2 adjusted earnings per share $0.38 from continuing operations . Q2 loss per share $0.44 from continuing operations . Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S . Sees Q3 2016 adjusted earnings per share $0.10 to $0.25 from continuing operations . Sees FY 2016 adjusted earnings per share $1.32 to $1.67 from continuing operations . Sees Q3 2016 revenue $4.75 billion to $4.85 billion . Sees FY 2016 revenue $19.5 billion to $19.8 billion . Reiterated adjusted EBITDA outlook for 2016 . Qtrly Hospital exchange admissions were 5,478 in q2 of 2016, up 14.9 percent from q2 of 2015 . Qtrly Hospital exchange outpatient visits were 52,020, up 30.5 percent from q2 of 2015 . Tenet Healthcare Corp qtrly net operating revenues $4,868 million versus $4,492 million . Believes has reached deal in principle with government to resolve Clinica De La Mama criminal investigation, civil litigation for $514 million . Tenet Healthcare Corp sees FY 2016 adjusted diluted earnings per share from continuing operations of $1.32 to $1.67 . Tenet Healthcare Corp expects FY 2016 loss per share from continuing operations ranging from a loss of $0.66 to a loss of $0.30 per basic share . Q3 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . FY2016 earnings per share view $1.93 -- Thomson Reuters I/B/E/S.  Full Article

Tenet Healthcare Corp gives Q2 2016 guidance; Confirms Fy 2016 guidance
Monday, 2 May 2016 04:15pm EDT 

Tenet Healthcare Corp:Confirmed existing Outlook for FY 2016, includingRevenue of $18.8 billion to $19.2 billion, Adjusted EBITDA of $2.4 billion to $2.5 billion, Adjusted Free Cash Flow of $400 million to $600 million, and Adjusted earnings per diluted share of $1.18 to $2.25.Expects to deliver Q2 2016 Revenue of $4.8 billion to $5.0 billion, Adjusted EBITDA of $600 million to $650 million, and Adjusted earnings per diluted share of $0.20 to $0.73.  Full Article

Tenet Healthcare Corp gives FY, Q1 2016 guidance
Monday, 22 Feb 2016 04:30pm EST 

Tenet Healthcare Corp:Expects to deliver FY 2016 revenue of $18.8 billion to $19.2 billion, Adjusted EBITDA of $2.4 billion to $2.5 billion, and Adjusted earnings per diluted share of $1.18 to $2.25.Says During Q1 2016, expects to deliver revenue of $4.7 billion to $4.9 billion, Adjusted EBITDA of $550 million to $600 million and Adjusted earnings per diluted share of $0.05 to $0.54.  Full Article

Tenet and Aetna sign multi-year national agreement
Friday, 18 Dec 2015 09:00am EST 

Tenet Healthcare Corp:Says the co and Aetna signed a new, four-year agreement providing Aetna's commercial, Medicare Advantage, Medicaid and Coventry members with in-network access to Tenet's 87 hospitals.New agreement is effective January 1, 2016.  Full Article

Tenet and WellStar Reach Definitive Agreement for Sale of Tenet's Atlanta-area Hospitals and Related Operations
Tuesday, 1 Dec 2015 09:00am EST 

Tenet Healthcare Corporation:Tenet Healthcare Corporation and WellStar Health System have entered into a definitive agreement for the sale and management of Tenet's five Atlanta-area hospitals.transaction is subject to customary regulatory approvals and other closing conditions and is expected to be completed as early as the first quarter of 2016.  Full Article

Tenet Healthcare Corporation and Duke LifePoint Reach definitive agreement for sale of Tenet's North Carolina hospitals and related operations
Tuesday, 3 Nov 2015 09:15am EST 

Tenet Healthcare Corporation:Co and Duke LifePoint Healthcare have entered into a definitive agreement for the sale of Tenet's North Carolina hospitals and related operations.Under the terms of the definitive agreement, Duke LifePoint will maintain all services currently provided at Central Carolina Hospital and Frye Regional Medical Center, and will offer employment to all employees of the hospitals, subject to standard pre-employment screenings.  Full Article

Tenet Healthcare Corp raises FY 2015 revenue guidance; narrows FY 2015 earnings guidance
Monday, 2 Nov 2015 04:15pm EST 

Tenet Healthcare Corp:Expects to generate net operating revenues of $18.35 billion to $18.55 billion, Adjusted EBITDA of $2.25 billion to $2.30 billion and Adjusted earnings per share of $1.76 to $2.11 in FY 2015.FY 2015 revenue of $18.32 bln, EBITDA of $2.3 billion and EPS of $2.11 - Thomson Reuters I/B/E/S.  Full Article

Tenet Healthcare Corp announces $500 million share repurchase authorization
Monday, 2 Nov 2015 04:15pm EST 

Tenet Healthcare Corp:Authorized a share repurchase program for up to $500 million of the Company's outstanding common stock.Says Company does not anticipate the need to raise additional debt to fund the share repurchase program.  Full Article

Fitch Affirms Tenet Healthcare Corp.'s IDR at 'B'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, September 20 (Fitch) Fitch Ratings has affirmed Tenet Healthcare Corp.'s (Tenet) ratings, including the long-term Issuer Default Rating (IDR) at 'B'. The ratings apply to approximately $15.4 billion of debt at June 30, 2017. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS Favorable Operating Profile: Tenet is among the largest for-profit operators of acute care