Last $47.06 USD
Change Today +0.04 / 0.09%
Volume 1.9M
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As of 4:15 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC) Key Developments

Tenet Healthcare Presents at Spring Hospital and Healthcare IT Conference, Mar-02-2015

Tenet Healthcare Presents at Spring Hospital and Healthcare IT Conference, Mar-02-2015 . Venue: Renaissance Orlando, SeaWorld, Orlando, Florida, United States.

Tenet Healthcare Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Tenet Healthcare Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net operating revenues of $4,468 million compared to $3,885 million a year ago. Operating income was $337 million compared to $167 million a year ago. Income from continuing operations before income taxes was $141 million compared to loss from continuing operations before income taxes of $15 million a year ago. Net income attributable to the company shareholders was $61 million or $0.61 per diluted share compared to net loss attributable to the company shareholders of $61 million or $0.17 per diluted share a year ago. Income from continuing operations was $61 million compared to loss of $17 million a year ago. Adjusted EBITDA was $646 million, an increase of $202 million, or 45.5%, compared to $444 million in the fourth quarter of 2013. Capital expenditures were $199 million compared to $293 million a year ago. Adjusted net cash provided by operating activities was $279 million compared to $343 million a year ago. Adjusted free cash flow -- continuing operations was $80 million compared to $50 million a year ago. For the full year, the company reported net operating revenues of $16,615 million compared to $11,102 million a year ago. Operating income was $925 million compared to $663 million a year ago. Income from continuing operations before income taxes was $147 million compared to loss from continuing operations before income taxes of $158 million a year ago. Net income attributable to the company shareholders was $12 million or $0.34 per diluted share compared to loss of $134 million or $1.21 per basic and diluted share a year ago. Income from continuing operations was $147 million compared to loss of $158 million or $1.70 per diluted share a year ago. Net cash provided by operating activities was $687 million compared to $589 million a year ago. Purchases of property and equipment-continuing operations were $933 million compared to $691 million a year ago. Adjusted EBITDA was $1,952 million compared to $1,342 million a year ago. Capital expenditures were $933 million compared to $691 million a year ago. Adjusted net cash provided by operating activities was $878 million compared to $718 million a year ago. Adjusted free cash flow -- continuing operations was $55 million compared to $27 million a year ago. For the first quarter ending March 31, 2015, the company expects adjusted EBITDA of $475 million to $525 million and earnings per share of $0.05 to $0.55 per share. The company confirmed its existing 2015 outlook for adjusted EBITDA to be in a range of $2.05 billion to $2.15 billion. The company expects 2015 earnings per share to be in a range of $1.32 to $2.40 per share. The company expects normalized EBITDA growth of 10% and core growth of about 6%, which excludes the contributions from incremental Vanguard synergies and the ACA.

Tenet Healthcare Corp. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-25-2015 09:00 AM

Tenet Healthcare Corp. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-25-2015 09:00 AM. Venue: Loews Hotel, Miami Beach, Florida, United States.

Tenet Healthcare Corporation and Health Net, Inc. Sign New Agreement to Provide Health Net Members with In-Network Access

Tenet Healthcare Corporation and operating subsidiaries of Health Net, Inc. have signed a new agreement providing Health Net members with in-network access to 59 Tenet hospitals, 129 outpatient centers and more than 1,600 employed physicians in 12 states through 2016. The new agreement continues the in-network access available to members under Health Net’s commercial HMO/PPO, Medicare Advantage, Medicaid and TRICARE arrangements. Also, for the first time, veterans in nine states gain access to Tenet’s facilities and physicians through Health Net’s agreement with the Department of Veterans AffairsPatient-Centered Community Care (PC3) program The PC3 program supplements the healthcare capabilities of the Veterans Health Administration by expanding access for eligible veterans to primary care, specialty care and behavioral healthcare services offered by community hospitals, outpatient centers and other providers.

Tenet Healthcare Corp. to Report Q4, 2014 Results on Feb 23, 2015

Tenet Healthcare Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 23, 2015

 

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Price/Earnings 100.0x
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Price/Book 7.0x
Price/Cash Flow 5.3x
TEV/Sales NM Not Meaningful
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