Key Developments: Tenet Healthcare Corp (THC)

THC on New York Consolidated

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28 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Tenet Healthcare Corp raises low end of prior FY 2014 EBITDA guidance; gives FY 2014 EPS guidance in line with analysts' estimates
Monday, 3 Nov 2014 04:05pm EST 

Tenet Healthcare Corp:Expects FY 2014 adjusted EBITDA in a range of $1.90 to $1.95 billion, a $25 million mid-point increase as compared to prior outlook of $1.85 to $1.95 billion.Expects FY 2014 earnings per share is in a range of $1.26 to $1.78 per share.FY 2014 EBITDA of $1.918 billion and EPS of $1.42 - Thomson Reuters I/B/E/S.  Full Article

Tenet Healthcare Corp announces pricing of private offering of senior notes
Wednesday, 24 Sep 2014 05:42pm EDT 

Tenet Healthcare Corp:Established pricing for previously announced private offering of senior notes maturing in 2019.Total of $500 million aggregate principal amount of notes, which will bear interest at a rate of 5.50 pct per annum, will be issued.Proceeds from offering will be used for general corporate purposes, including repayment of indebtedness and drawings under Tenet's senior secured revolving credit facility, related transaction fees and expenses, and acquisitions.  Full Article

Tenet Healthcare Corp announces private offering of senior notes
Wednesday, 24 Sep 2014 09:05am EDT 

Tenet Healthcare Corp:Says it is offering to sell $500 mln aggregate principal amount of senior notes through a private placement.Proceeds from the offering will be used for general corporate purposes, including the repayment of indebtedness and drawings under Tenet's senior secured revolving credit facility, related transaction fees and expenses and acquisitions.  Full Article

Tenet Healthcare Corp gives Q3 2014 earnings guidance below analysts' estimates; raises FY 2014 EBITDA outlook
Monday, 4 Aug 2014 04:15pm EDT 

Tenet Healthcare Corp:Expects Q3 2014 adjusted EBITDA is $400 to $450 million.Expects Q3 2014 earnings per share in a range of a loss of $0.30 per share to income of $0.21 per share.Raises FY 2014 adjusted EBITDA outlook range to $1.85 to $1.95 bln.Q3 2014 EBITDA of $484 mln and EPS of $0.49 - Thomson Reuters I/B/E/S.FY 2014 EBITDA of $1.86 bln - Thomson Reuters I/B/E/S.  Full Article

Tenet Healthcare Corp's subsidiary completes acquisition of Emanuel Medical Center
Friday, 1 Aug 2014 09:00am EDT 

Tenet Healthcare Corp:Says a subsidiary has completed the acquisition of Emanuel Medical Center, a 209-bed hospital in Turlock, Calif.  Full Article

UnitedHealthcare Group and Tenet Healthcare Corp renew network relationship
Tuesday, 29 Jul 2014 08:30am EDT 

UnitedHealthcare, a UnitedHealth Group company and Tenet Healthcare Corporation:Says they have completed a new, three-year agreement providing UnitedHealthcare's Commercial and Medicare Advantage members with in-network access to Tenet's 79 hospitals, 193 outpatient centers and more than 1,800 employed physicians throughout the country.New agreement is effective Aug. 1.  Full Article

Tenet Healthcare Corp and Humana Inc sign new multi-year national agreement
Monday, 14 Jul 2014 04:13pm EDT 

Tenet Healthcare Corp and Humana Inc:Signs new multi-year contract extension that provides Humana members with traditional commercial plans continued in-network access to Tenet's 79 hospitals, 193 outpatient centers and more than 1,800 employed physicians.In addition, for first time, patients enrolled in Humana's healthcare Exchange plans in Atlanta, Birmingham, Houston, Memphis and San Antonio will have access to Tenet hospitals, related facilities and employed and affiliated physicians.Humana Exchange members in Chicago, Detroit and Phoenix continue to have access.Humana also has existing agreement with Tenet that provides its Medicare Advantage members with in-network access to Tenet facilities.  Full Article

Tenet Healthcare Corp and TriWest Healthcare Alliance partner to expand access for Veterans
Wednesday, 25 Jun 2014 09:00am EDT 

Tenet Healthcare Corp and TriWest Healthcare Alliance:Signs agreement that will expand access to healthcare services for Veterans in Arizona, California, Missouri, Tennessee and Texas.As a result, Veterans will gain access to 41 hospitals, 19 urgent care centers, seven freestanding emergency departments, 18 ambulatory surgery centers, 85 diagnostic imaging centers and nearly 600 employed physicians.  Full Article

Tenet Healthcare Corp and Blue Cross and Blue Shield of Texas Sign Multi-Year Agreement
Thursday, 19 Jun 2014 09:00am EDT 

Tenet Healthcare Corp:Tenet Healthcare Corporation and Blue Cross and Blue Shield of Texas (BCBSTX) have extended their agreement providing BCBSTX members access to in-network care at all of Tenet's hospitals and outpatient centers in Texas.Agreement also completes first step toward implementing the previously announced statewide accountable care organization (ACO), which is expected to launch Jan. 1, 2015.Says ACO is a collaboration between BCBSTX and Tenet's clinically integrated organizations in Texas with the goal of improving the long-term health and wellbeing of BCBSTX members.Tenet currently has 12 ACOs nationally, covering more than 330,000 lives in nine states.  Full Article

Tenet Healthcare Corp ratings unchanged
Wednesday, 11 Jun 2014 04:11pm EDT 

Tenet Healthcare Corp:Moody's Investors Service commented that Tenet Healthcare Corp's proposed offering of $500 million of 5.0 pct senior unsecured notes due 2019 has no impact on the company's ratings.The existing ratings of the company remain unchanged, including the B1 Corporate Family Rating and B1-PD Probability of default rating.The stable rating outlook is also unchanged.  Full Article

Fitch Updates Recovery Analyses for U.S. For-Profit Hospital Operators

(The following statement was released by the rating agency) NEW YORK, November 17 (Fitch) Fitch Ratings has published updated recovery analyses for the U.S. for-profit hospital operators rated below 'BB-' including: --Community Health Systems, Inc.; --Tenet Healthcare Corp. The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers: Rating and Research >> Corporate Finance >> Leveraged Finance >> U.S. Leveraged Finance &g

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