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Last $51.96 USD
Change Today -0.015 / -0.03%
Volume 661.6K
THC On Other Exchanges
New York
As of 3:59 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC) Snapshot

Previous Close
Day High
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52 Week High
09/22/14 - $63.61
52 Week Low
02/2/15 - $41.47
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for TENET HEALTHCARE CORP (THC)

tenet healthcare corp (THC) Details

Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy, orthopedic, oncology, and outpatient services; tertiary care services, including open-heart surgery, neonatal intensive care, and neurosciences; quaternary care services in the areas of heart, liver, kidney, and bone marrow transplants; quaternary pediatric and burn services; advanced treatment options for patients; gamma-knife brain surgery; cyberknife radiation therapy for tumors and lesions in the brain, lung, neck, and spine; and outpatient services. In addition, the company offers clinical research programs related to cardiovascular disease, pulmonary disease, musculoskeletal disorders, neurological disorders, genitourinary disease, and various cancers, as well as drug and medical device studies. Further, it provides operational management for patient access, health information management, revenue integrity, and patient financial services; communications and engagement solutions to optimize the relationship between providers and patients; and management services comprising clinical integration, financial risk management, and population health management. As of December 31, 2014, the company operated 80 hospitals with 20,814 beds; 210 outpatient centers; 6 health plans; 11 accountable care networks; and Conifer Health Solutions, LLC that offers business process solutions to approximately 800 hospital and other clients. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

83,160 Employees
Last Reported Date: 02/23/15
Founded in 1967

tenet healthcare corp (THC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $565.9K
President of Hospital Operations
Total Annual Compensation: $690.6K
Vice Chairman
Total Annual Compensation: $700.0K
Senior Vice President and General Counsel
Total Annual Compensation: $459.6K
Compensation as of Fiscal Year 2014.

tenet healthcare corp (THC) Key Developments

Tenet Healthcare Corp. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-12-2015 08:00 AM

Tenet Healthcare Corp. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-12-2015 08:00 AM. Venue: Encore at the Wynn, 3131 S Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: Daniel J. Cancelmi, Chief Financial Officer.

Tenet Healthcare Mulls Acquisitions

Tenet Healthcare Corp. (NYSE:THC) is looking for acquisitions. The company's outlook for 2015 excludes the anticipated impact of the proposed joint venture with United Surgical Partners International, the acquisition of Aspen Healthcare, the joint venture with Baylor Scott & White, and other potential acquisition and development initiatives.

Tenet Healthcare Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Confirms Earnings Guidance for the Year of 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015

Tenet Healthcare Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net operating revenues of $4,428 million compared to $3,926 million a year ago. Operating income was $290 million compared to $170 from million a year ago. Net income continuing operations, before income taxes was $91 million compared to net loss from continuing operations, before income taxes of $12 million a year ago. Net income attributable to the company common shareholders was $47 million or $0.47 per diluted share compared to net loss attributable to the company common shareholders of $32 million or $0.33 per diluted share a year ago. Diluted earnings per share from continuing operations were $0.46 compared to diluted loss per share from continuing operations of $0.28 a year ago. Net cash used in operating activities was $57 million compared to $19 million a year ago. Purchases of property and equipment were $184 million compared to $281 million a year ago. Adjusted EBITDA was $529 million compared to $387 million a year ago. This performance was driven by a continued strong volume trend, favorable commercial pricing and the recognition of $46 million of revenues under the California Provider Fee program. Adjusted free cash flow improved $52 million compared to last year's first quarter. The company confirmed its existing outlook for 2015, including revenue of $17.4 billion to $17.7 billion, adjusted EBITDA of $2.05 billion to $2.15 billion and earnings per share of $1.32 to $2.40 per share. Adjusted free cash flow is expected to be in the range of $150 million to $350 million. For the second quarter ending June 30, 2015, the company expects to deliver adjusted EBITDA of $500 million to $550 million and earnings per share of $0.15 to $0.64. The outlook for the second quarter includes $35 million of electronic health record incentives.


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Industry Average

Valuation THC Industry Range
Price/Earnings 49.2x
Price/Sales 0.3x
Price/Book 6.1x
Price/Cash Flow 5.4x
TEV/Sales NM Not Meaningful

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