Tenet Healthcare Says 2012 Earnings to Rise on Cost Cuts
Tenet Healthcare Corp. (THC), the third- largest U.S. hospital operator, said it expects profit before some items to rise this year as it cuts costs and signs up more doctors.
Tenet projects earnings before interest, taxes, depreciation and amortization of $1.2 billion to $1.3 billion in 2012, the Dallas-based company said today in a statement. The fourth quarter of 2011 may have been hurt by deferral of some Medicare incentive payments because of a change in accounting methods, Tenet said.
To contact the editor responsible for this story: Chris Staiti at firstname.lastname@example.org