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Tenet Healthcare Corp (THC.N)

THC.N on New York Stock Exchange

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18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Tenet Hospitals In South Carolina Fully Operational Following Hurricane Florence
Monday, 17 Sep 2018 08:00am EDT 

Sept 17 (Reuters) - Tenet Healthcare Corp ::TENET HOSPITALS IN SOUTH CAROLINA FULLY OPERATIONAL FOLLOWING HURRICANE FLORENCE.TENET - COASTAL CAROLINA HOSPITAL, EAST COOPER MEDICAL CENTER AND HILTON HEAD HOSPITAL, ALL LOCATED IN AREAS IMPACTED BY STORM HAD NO MATERIAL DAMAGE.TENET HEALTHCARE CORP - PIEDMONT MEDICAL CENTER WAS NOT DIRECTLY IMPACTED BY STORM AND REMAINED FULLY OPERATIONAL.  Full Article

Tenet Healthcare Named Paola Arbour As Chief Information Officer
Wednesday, 16 May 2018 04:15pm EDT 

May 16 (Reuters) - Tenet Healthcare Corp ::TENET ANNOUNCES EXECUTIVE LEADERSHIP APPOINTMENTS.TENET HEALTHCARE CORP - PAOLA ARBOUR NAMED CHIEF INFORMATION OFFICER, MARIE QUINTANA NAMED CHIEF MARKETING OFFICER.  Full Article

Inovalon Announces New Post Acute Care Services Agreement With Tenet Healthcare
Wednesday, 28 Mar 2018 07:55am EDT 

March 28 (Reuters) - Inovalon Holdings Inc ::INOVALON ANNOUNCES NEW POST ACUTE CARE SERVICES AGREEMENT WITH TENET HEALTHCARE.ENTERS AGREEMENT WITH TENET HEALTHCARE TO PROVIDE DATA, ANALYTICS, AND TECHNOLOGY PLATFORMS WITHIN POST-ACUTE CARE SERVICES MARKET.‍VANTAGE SOLUTION IS BEING MADE AVAILABLE AS A MODULAR, CONFIGURABLE COMPONENT OF INOVALON ONE PLATFORM​.‍FOLLOWING PENDING ABILITY NETWORK DEAL, VANTAGE WILL BE MADE AVAILABLE AS AN APPLICATION WITHIN MYABILITY SOFTWARE PLATFORM​.  Full Article

Tenet Healthcare ‍Board Modifying Bylaws To Reduce Threshold Required To Request Special Meeting
Monday, 5 Mar 2018 04:15pm EST 

March 5 (Reuters) - Tenet Healthcare Corp ::TENET HEALTHCARE CORP - ‍BOARD HAS TAKEN A SERIES OF ACTIONS TO STRENGTHEN COMPANY'S CORPORATE GOVERNANCE​.TENET HEALTHCARE - ‍INITIATIVES INCLUDE MODIFYING BYLAWS TO REDUCE THRESHOLD REQUIRED TO REQUEST A SPECIAL MEETING TO 25% OF SHARES​.TENET HEALTHCARE - ‍INITIATIVES ALSO INCLUDE TERMINATING SHORT-TERM NOL SHAREHOLDER RIGHTS PLAN EFFECTIVE AS OF CLOSE OF BUSINESS ON MARCH 5​.TENET HEALTHCARE - ‍BOARD MADE DECISION BASED UPON REDUCED VALUE OF NOL SHAREHOLDER RIGHTS PLAN FOLLOWING RECENT TAX LAW CHANGES​, AMONG OTHERS.  Full Article

Tenet Reports Q4 Adjusted EPS $1.40 From Continuing Operations
Monday, 26 Feb 2018 04:15pm EST 

Feb 26 (Reuters) - Tenet Healthcare Corp ::TENET REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2017.Q4 LOSS PER SHARE $2.28 FROM CONTINUING OPERATIONS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.73 TO $1.07 FROM CONTINUING OPERATIONS.SEES Q1 2018 EARNINGS PER SHARE $0.49 TO $0.69 FROM CONTINUING OPERATIONS.SEES FY 2018 EARNINGS PER SHARE $0.92 TO $1.02 FROM CONTINUING OPERATIONS.Q4 ADJUSTED EARNINGS PER SHARE $1.40 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $17.9 BILLION TO $18.3 BILLION.SEES Q1 2018 REVENUE $4.45 BILLION TO $4.65 BILLION.‍TENET'S SAME-HOSPITAL EXCHANGE ADMISSIONS WERE 4,857 IN Q4 OF 2017, UP 0.2 PERCENT FROM Q4 OF 2016​.‍SAME-HOSPITAL EXCHANGE OUTPATIENT VISITS WERE 51,451 IN Q4 OF 2017, UP 15.2 PERCENT FROM Q4 OF 2016​.Q4 EARNINGS PER SHARE VIEW $1.24 -- THOMSON REUTERS I/B/E/S.QTRLY NET OPERATING REVENUES $‍4,978​ MILLION VERSUS $4,860 MILLION.DUE TO TAX CUTS AND JOBS ACT, QTRLY NET INCOME WAS LOWERED BY $274 MILLION.TENET - SEES Q1 ADJUSTED EPS FROM CONTINUING OPERATIONS RANGING FROM A LOSS OF $0.10 TO EARNINGS OF $0.05.Q1 EARNINGS PER SHARE VIEW $0.12, REVENUE VIEW $4.63 BILLION -- THOMSON REUTERS I/B/E/S.TENET HEALTHCARE - IN QUARTER, CO RECORDED $99 MILLION AFTER-TAX CHARGE PRIMARILY RELATED TO WRITE-DOWN OF ASSETS HELD FOR SALE IN CHICAGO & EMPLOYEE SEVERANCE.FY2018 EARNINGS PER SHARE VIEW $1.02, REVENUE VIEW $18.29 BILLION -- THOMSON REUTERS I/B/E/S.Q4 REVENUE VIEW $4.87 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Glenview Capital Management Says It Sent A Notice To Tenet Healthcare
Friday, 2 Feb 2018 09:42am EST 

Feb 2 (Reuters) - Tenet Healthcare Corp ::GLENVIEW CAPITAL MANAGEMENT SAYS ON FEB 2, IT SENT A NOTICE TO TENET HEALTHCARE - SEC FILING.GLENVIEW CAPITAL MANAGEMENT SAYS NOTICE PROPOSES AMENDMENT TO TENET HEALTHCARE'S BYLAWS AT THE 2018 ANNUAL STOCKHOLDERS’ MEETING.GLENVIEW CAPITAL MANAGEMENT SAYS BELIEVES PROPOSAL TO AMEND TENET HEALTHCARE'S BYLAWS "WILL ENHANCE GOVERNANCE OVERSIGHT BY STOCKHOLDERS".  Full Article

Tenet Highlights Strategic Growth And Cost Reduction Initiatives At J.P. Morgan Healthcare Conference
Monday, 8 Jan 2018 02:17pm EST 

Jan 8 (Reuters) - Tenet Healthcare Corp ::TENET HEALTHCARE - ‍EXECUTION OF DIVESTITURE PROGRAM OF NON-CORE MARKETS & ASSETS, WHICH IS ON TRACK & EXPECTED TO YIELD IN EXCESS OF $1 BILLION OF PROCEEDS​.TENET HIGHLIGHTS STRATEGIC GROWTH AND COST REDUCTION INITIATIVES AT J.P. MORGAN HEALTHCARE CONFERENCE.TENET HEALTHCARE CORP - ‍ANTICIPATES NEW TAX LAW WILL POSITIVELY AFFECT EPS OVER NEXT TWO TO THREE YEARS DUE TO LOWER TAX RATE​.TENET HEALTHCARE CORP - ‍PROCESS UNDERWAY TO SELL CONIFER​.  Full Article

Tenet Healthcare Issues Information On Financial Implications Of Changes To Federal Tax Law​
Friday, 5 Jan 2018 07:40pm EST 

Jan 5 (Reuters) - Tenet Healthcare Corp ::‍ISSUES INFORMATION ON FINANCIAL IMPLICATIONS OF CHANGES TO FEDERAL TAX LAW​‍.DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS IS NOW EXPECTED TO BE $0.05 TO $0.19 IN 2018​.‍COMPANY IS REITERATING ITS 2018 OUTLOOK FOR REVENUE​.‍ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS IS NOW EXPECTED TO BE $0.58 TO $0.97​ IN 2018.‍ALSO REITERATING ITS 2018 OUTLOOK FOR ADJUSTED EBITDA AND ADJUSTED FREE CASH FLOW​.‍UPDATED ITS PREVIOUS FINANCIAL 2018 OUTLOOK TO REFLECT CHANGES TO FEDERAL TAX LAWS ENACTED AS PART OF TAX CUTS AND JOBS ACT OF 2017​.‍ANTICIPATE APPROXIMATELY 80 PERCENT OF CAPITAL EXPENDITURES IN 2018 SHOULD QUALIFY FOR IMMEDIATE EXPENSING​.‍NO MATERIAL CHANGE IN CO'S ABILITY TO UTILIZE ITS FEDERAL INCOME TAX NET OPERATING LOSS CARRYFORWARDS.PROJECTS ITS FEDERAL INCOME TAX NET OPERATING LOSS CARRYFORWARDS TO BE ABOUT $1.6 BILLION AS OF DECEMBER 31, 2017​.  Full Article

Tenet, St. Luke's Hospital Announce Agreement Regarding Sale Of Des Peres Hospital
Friday, 5 Jan 2018 12:00pm EST 

Jan 5 (Reuters) - Tenet Healthcare Corp ::TENET AND ST. LUKE'S HOSPITAL ANNOUNCE DEFINITIVE AGREEMENT REGARDING THE SALE OF DES PERES HOSPITAL.TENET HEALTHCARE SAYS ENTERED AGREEMENT FOR ST. LUKE'S TO PURCHASE DES PERES HOSPITAL, TENET-OWNED PHYSICIAN PRACTICES, AMONG OTHERS.  Full Article

Tenet To Explore Potential Sale Of Conifer, Provides Updates On Cost Reduction And 2018 Outlook
Tuesday, 19 Dec 2017 07:30am EST 

Dec 19 (Reuters) - Tenet Healthcare Corp ::TENET ANNOUNCES PROCESS TO EXPLORE A POTENTIAL SALE OF CONIFER, PROVIDES UPDATES ON COST REDUCTION AND BOARD REFRESHMENT INITIATIVES, AND ISSUES OUTLOOK FOR 2018.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.07 TO $1.36 FROM CONTINUING OPERATIONS.SEES FY 2018 EARNINGS PER SHARE $0.63 TO $0.68 FROM CONTINUING OPERATIONS.TENET HEALTHCARE - ‍TARGETED COST REDUCTION PROGRAM EXPANDED AND IS NOW EXPECTED TO YIELD $250 MILLION OF ANNUALIZED RUN-RATE SAVINGS BY END OF 2018​.- ‍BOARD HAS REAFFIRMED CONTINUATION OF PREVIOUSLY ANNOUNCED SHAREHOLDERS RIGHTS PLAN UNTIL 2018 ANNUAL MEETING​.TENET HEALTHCARE - ‍OUTLOOK FOR 2018 INCLUDES NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO TENET COMMON SHAREHOLDERS OF $65 MILLION TO $70 MILLION​.- IS INITIATING A PROCESS TO EXPLORE A POTENTIAL SALE OF CONIFER HEALTH SOLUTIONS, ITS HEALTHCARE BUSINESS SERVICES SUBSIDIARY.- ‍INCREASED SIZE OF ITS PREVIOUSLY ANNOUNCED COST REDUCTION INITIATIVES BY $100 MILLION​.- EXPECTS TO REALIZE APPROXIMATELY $125 MILLION OF SAVINGS DURING CALENDAR YEAR 2018, UP FROM COMPANY'S PREVIOUS GOAL OF $75 MILLION.- ‍EXPECTS THAT A DECISION REGARDING A POTENTIAL SALE OF CONIFER SHOULD BE MADE DURING FIRST HALF OF 2018​.- ‍BOARD WILL CONTINUE ITS SEARCH FOR ADDITIONAL INDEPENDENT DIRECTORS​.SEES ‍ 2018 NET OPERATING REVENUES OF $17.8 BILLION TO $18.2 BILLION, CAPITAL EXPENDITURES OF $625 MILLION TO $675 MILLION​.  Full Article

BRIEF-Tenet Healthcare Named Paola Arbour As Chief Information Officer

* TENET HEALTHCARE CORP - PAOLA ARBOUR NAMED CHIEF INFORMATION OFFICER, MARIE QUINTANA NAMED CHIEF MARKETING OFFICER Source text for Eikon: Further company coverage: