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Last $56.71 USD
Change Today +0.41 / 0.73%
Volume 2.4M
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC) Snapshot

Open
$56.42
Previous Close
$56.30
Day High
$57.81
Day Low
$56.35
52 Week High
09/22/14 - $63.61
52 Week Low
02/2/15 - $41.47
Market Cap
5.6B
Average Volume 10 Days
1.4M
EPS TTM
$3.09
Shares Outstanding
99.6M
EX-Date
03/13/00
P/E TM
18.3x
Dividend
--
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 July 15, 2015, the company operated 81 general acute care hospitals, 18 short-stay surgical hospitals, and approximately 400 outpatient centers in the United States; and 9 facilities in the United Kingdom. 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 Corporation, Dignity Health and Ascension to Form Partnership to Own and Operate Carondelet Health Network in Arizona

Tenet Healthcare Corporation, Dignity Health and Ascension have signed a definitive agreement to create a partnership that will own and operate Carondelet Health Network based in Tucson, Arizona. Tenet will be the majority partner in the new joint venture and will manage the operations of three hospitals, related physician practices, outpatient and ambulatory services, and other affiliated businesses in Tucson and Nogales, Arizona. Dignity Health and Ascension will own minority interests in the partnership. A Tucson–based joint venture will connect Carondelet to ACN, which will provide increased access to care for patients, strengthen and grow Carondelet’s relationships with physicians, provide employee development opportunities for current and future employees, and fund strategic growth initiatives across Southern Arizona. The facilities in the new partnership will include: St. Joseph’s Hospital (486 beds) in Tucson; St. Mary’s Hospital (400 beds) in Tucson; Holy Cross Hospital (25 beds) in Nogales; Carondelet Heart & Vascular Institute at St. Mary’s Hospital; Carondelet Neurological Institute at St. Joseph’s Hospital; Carondelet Medical Group; Carondelet Specialist Group. The joint venture will maintain Carondelet’s Roman Catholic heritage and identity through an agreement with the Diocese of Tucson. Additionally, Carondelet’s existing charity care policies will remain in place. The transaction is subject to normal regulatory reviews and is expected to close in the third quarter of 2015.

Baptist Health System and Tenet Healthcare Corporation Signs Definitive Agreement to Create Joint Venture; Parrott Names as CEO of the Joint Venture

Baptist Health System and Tenet Healthcare Corporation signed a definitive agreement to create a joint venture that will operate a healthcare network serving Birmingham and central Alabama. The new network will include all Baptist Health System hospitals, Tenet’s Brookwood Medical Center and each organization’s related businesses. Under the joint venture arrangement, Tenet will be the majority partner and will manage the network’s operations. The new company will unite Baptist Health System’s four hospitals – Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center and Walker Baptist Medical Center – with Brookwood Medical Center. Together, the new system will have more than 1,700 licensed beds; 77 outpatient and physician office facilities, including clinics delivering primary and specialty care; approximately 7,300 employees; and approximately 1,500 affiliated physicians. Parrott will become CEO of the joint venture, which will be overseen by a board composed of five representatives from Baptist and five representatives from Tenet.

Tenet Healthcare Corp. Completes its Joint Venture Transaction with Welsh, Carson, Anderson and Stowe

Tenet Healthcare Corp. has completed its joint venture transaction with Welsh, Carson, Anderson and Stowe that combines the short-stay surgery and imaging center assets of Tenet and United Surgical Partners International to create a US short-stay surgery platform. Tenet contributed its interest in 49 ambulatory surgery centres and 20 imaging centers to the joint venture and refinanced approximately USD 1.5 billion of existing USPI debt, which will be allocated to the joint venture through an intercompany loan. Tenet also made an approximately USD 404 million payment to pre-existing USPI shareholders to align the respective valuations of the assets contributed to the joint venture. The company owns 50.1% of the new USPI and will consolidate USPI's financial results. Welsh Carson and the other existing shareholders in USPI own the remaining 49.9%. A pre-determined put-call structure provides a path to full ownership of USPI by Tenet over the next five years.

 

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Industry Analysis

THC

Industry Average

Valuation THC Industry Range
Price/Earnings 53.3x
Price/Sales 0.3x
Price/Book 6.7x
Price/Cash Flow 5.9x
TEV/Sales NM Not Meaningful
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