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Tenet Healthcare Corp (THC)

THC on New York Consolidated

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18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

TENET ANNOUNCES AGREEMENT WITH LOYOLA MEDICINE REGARDING SALE OF MACNEAL HOSPITAL
Wednesday, 11 Oct 2017 11:00am EDT 

Oct 11 (Reuters) - Tenet Healthcare Corp :TENET ANNOUNCES DEFINITIVE AGREEMENT WITH LOYOLA MEDICINE REGARDING THE SALE OF MACNEAL HOSPITAL AND RELATED OPERATIONS.‍MACNEAL HOSPITAL AND RELATED OPERATIONS WILL BE ADDED TO LOYOLA MEDICINE REGIONAL HEALTH SYSTEM.RELATED OPERATIONS INCLUDE LOCAL TENET-OWNED PHYSICIAN PRACTICES, CHICAGO HEALTH SYSTEM AND ASSOCIATED CHS ACCOUNTABLE CARE ORGANIZATION​.‍LOYOLA MEDICINE , AN AFFILIATE OF TRINITY HEALTH, WILL PURCHASE MACNEAL HOSPITAL AND ITS AFFILIATED​ OPERATIONS.  Full Article

Glenview Capital Management says to engage with Tenet Healthcare board in connection with strategic alternatives for co
Wednesday, 13 Sep 2017 05:48pm EDT 

Sept 13 (Reuters) - Tenet Healthcare Corp :Glenview Capital Management says determined to engage with Tenet Healthcare's board and other relevant parties in connection with strategic alternatives for co.Glenview Capital Management​ says strategic alternatives for Tenet Healthcare includes possible sale of one or more of co’s assets or divisions or company as a whole.Glenview Capital Management says it may take other action, either alone or in coordination with other co's shareholders or other parties related to its plans for tenet healthcare.Glenview Capital Management​ owned 17.79 pct stake in Tenet Healthcare Corp <<>> as of Sept 13 - SEC filing.  Full Article

Tenet Healthcare exploring options, including possible sale of company - CNBC, citing DJ
Wednesday, 13 Sep 2017 04:30pm EDT 

Sept 13 (Reuters) - :Tenet Healthcare exploring options, including possible sale of company - CNBC, citing DJ.  Full Article

Tenet, Paladin reach agreement to transfer ownership of Tenet's Philadelphia hospitals
Friday, 1 Sep 2017 11:00am EDT 

Sept 1 (Reuters) - Tenet Healthcare Corp ::Tenet and Paladin Healthcare reach definitive agreement to transfer ownership of Tenet's Philadelphia hospitals.Says ‍expects to receive proceeds of approximately $170 million from transaction​.Says ‍proceeds comprised of $152.5 million in cash at closing and a promissory note in amount of $17.5 million​.Says expects to record estimated non-cash impairment charge of about $230 million pre-tax within continuing operations in quarter ending sept 30​.Says ‍also expects to report a taxable loss on sale of these assets of approximately $200 million​.Says ‍also expects to report a taxable loss on sale of the assets of approximately $200 million​.  Full Article

Tenet Healthcare says ‍chairman and Chief Executive Trevor Fetter to step down following a transition period​
Thursday, 31 Aug 2017 04:15pm EDT 

Aug 31 (Reuters) - Tenet Healthcare Corp :Tenet announces CEO transition, commencement of board refreshment process, and implementation of shareholder rights plan to protect NOLs.Says Ronald A. Rittenmeyer appointed chairman of the board.Tenet Healthcare Corp - ‍Tenet initiates search for a new CEO and commences process to refresh composition of its board of directors​.Tenet Healthcare Corp - ‍implements short-term shareholder rights plan​.Tenet Healthcare Corp - ‍board has hired Russell Reynolds Associates to conduct a search for a new chief executive officer​.Tenet Healthcare Corp - ‍chairman and Chief Executive Officer Trevor Fetter to step down following a transition period​.Tenet Healthcare Corp - ‍Tenet's board has approved a short-term shareholder rights plan​.Tenet Healthcare Corp - ‍rights plan is scheduled to expire following conclusion of company's 2018 annual meeting of stockholders​.Tenet Healthcare Corp - ‍following company's 2018 annual meeting, board will further evaluate ongoing need for rights plan​.Tenet Healthcare Corp - ‍rights plan may also be terminated prior to its scheduled expiration​.  Full Article

Camber Capital Management reports a 5.7 pct passive stake in Tenet Healthcare Corp
Monday, 21 Aug 2017 12:20pm EDT 

Aug 21 (Reuters) - Tenet Healthcare Corp ::Camber Capital Management LLC reports a 5.7 percent passive stake in Tenet Healthcare Corp as of Aug 9 - SEC filing‍​.  Full Article

Tenet Healthcare Q2 adjusted loss per share $0.17 from cont ops
Monday, 7 Aug 2017 04:15pm EDT 

Aug 7 (Reuters) - Tenet Healthcare Corp :Tenet reports results for the second quarter ended june 30, 2017.Q2 loss per share $0.56 from continuing operations.Sees fy 2017 adjusted earnings per share $0.69 to $0.99 from continuing operations.Q2 adjusted loss per share $0.17 from continuing operations.Sees q3 2017 revenue $4.6 billion to $4.8 billion.Q2 loss per share $0.17.Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S.Tenet healthcare corp - ‍tenet's same-hospital exchange admissions were 5,488 in q2 of 2017, down 2.2 percent from q2 of 2016​.Tenet healthcare corp qtrly ‍same-hospital exchange outpatient visits were 58,873 in q2 of 2017, up 10.1 percent from q2 of 2016.​.Sees ‍2017 diluted loss per share from continuing operations of $1.14 to a loss of $0.89​.Tenet healthcare corp sees ‍2017 revenue of $19.1 billion to $19.4 billion​.Tenet healthcare corp sees ‍2017 net income from continuing operations attributable to tenet common shareholders ranging from loss of $115 million to loss of $90 million​.Sees ‍q3 loss per share from continuing operations $1.55 to $1.46; sees q3 adjusted loss per share from continuing operations $0.35 to $0.20​.Fy2017 earnings per share view $1.12, revenue view $19.60 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.07, revenue view $4.85 billion -- Thomson Reuters I/B/E/S.Tenet healthcare corp qtrly net operating revenues $4,802 million versus $4,868 million last year.  Full Article

Tenet reports pricing of its private offering of senior secured and unsecured notes
Monday, 5 Jun 2017 06:40pm EDT 

June 5 (Reuters) - Tenet Healthcare Corp ::Tenet announces pricing of its private offering of senior secured and unsecured notes to refinance $3.541 billion in outstanding notes.Offering includes $1.040 billion aggregate principal amount of senior secured first lien notes due 2024.Tenet Healthcare - offering includes $1.410 billion aggregate principal amount of senior secured second lien notes due 2025, interest at rate of 4.625 pct.Tenet Healthcare- offering includes $500 million aggregate principal amount of senior unsecured notes due 2025, bearing interest of 7 pct per annum.Offering includes $830 million senior secured first lien notes due 2024, bearing interest rate of 4.625 pct per annum, issued by co.  Full Article

Tenet announces private offering of senior secured, unsecured notes to refinance $3.541 bln in outstanding notes
Monday, 5 Jun 2017 07:25am EDT 

June 5 (Reuters) - Tenet Healthcare Corp ::Tenet announces private offering of senior secured and unsecured notes to refinance $3.541 billion in outstanding notes.Tenet healthcare - ‍offering will include $830 million aggregate principal amount of newly issued senior secured first lien notes due 2024 issued by Tenet​.Tenet healthcare -to refinance $3.541 billion of its currently outstanding notes by offering to sell $3.780 billion of newly issued notes through private placement.Tenet healthcare-‍offering will also include $1.410 billion of newly issued senior secured second lien notes due 2025 issued by THC escrow Corp​.Tenet healthcare -offering to include $500 million in aggregate principal amount of newly issued senior unsecured notes due 2025 issued by THC escrow Corp.Tenet healthcare - offering will include $1.040 billion amount of newly issued senior secured first lien notes due 2024 issued by THC escrow corporation iii.Tenet healthcare Corp - upon completion of redemptions of notes, THC escrow Corp notes will become obligations of tenet.  Full Article

Tenet and Humana amend effective dates of previously disclosed agreement
Thursday, 1 Jun 2017 01:48pm EDT 

June 1 (Reuters) - Tenet Healthcare Corp- :announced an amendment to the effective dates of its multi-year, national agreement with humana inc. Announced on may 1, 2017.‍​.effective , June 1, all Humana's members covered under commercial, medicare, medicaid health plans, will be in-network with tenet providers.those who purchased Humana's insurance coverage on healthcare insurance marketplace, will also be in-network with tenet providers.  Full Article

BRIEF-TENET ANNOUNCES AGREEMENT WITH LOYOLA MEDICINE REGARDING SALE OF MACNEAL HOSPITAL

* TENET ANNOUNCES DEFINITIVE AGREEMENT WITH LOYOLA MEDICINE REGARDING THE SALE OF MACNEAL HOSPITAL AND RELATED OPERATIONS