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Last $25.91 USD
Change Today -0.56 / -2.12%
Volume 1.8M
THC On Other Exchanges
New York
As of 6:40 PM 02/5/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1445 Ross Avenue

Suite 1400

Dallas, TX 75202

United States

Phone: 469-893-2200


Tenet Healthcare Corporation operates as a healthcare services company in the United States. The company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. Segments The company operates through two segments, Hospital Operations and Other, and Conifer (Conifer Health Solutions, LLC). Hospital Operations and Other segment This segment focuses on operating acute care hospitals and outpatient facilities. This segment also owns various related healthcare businesses. Hospitals, Outpatient Centers, and Related Businesses As of December 31, 2014, the company’s subsidiaries operated 80 hospitals, including 4 academic medical centers, 2 children’s hospitals, 3 specialty hospitals, and a critical access hospital, with a total of 20,814 licensed beds, serving primarily urban and suburban communities in 14 states. Of those hospitals, 74 were owned by the company’s subsidiaries, and 6 were owned by third parties and leased by its subsidiaries. In addition, the company’s subsidiaries operated a long-term acute care hospital and owned or leased and operated various medical office buildings, all of which were located on, or nearby, the company’s hospital campuses. Furthermore, the company’s subsidiaries operated 210 free-standing and provider-based outpatient centers in 16 states as of December 31, 2014, including diagnostic imaging centers, ambulatory surgery centers, urgent care centers, and satellite emergency departments. The company also owned approximately 550 physician practices. During the year ended December 31, 2014, the company opened the newly constructed Resolute Health Hospital in New Braunfels, Texas, which is located northeast of San Antonio. The hospital has 128 beds in all-private rooms, as well as an emergency department, and offers a range of specialty care. Resolute Health’s 56-acre wellness campus is designed to draw community members for needs beyond acute healthcare, with services, such as a fitness center, health-oriented restaurants, walking trails, and an integrative medicine center. During the year ended December 31, 2014, the company acquired a majority interest in Texas Regional Medical Center at Sunnyvale, a 70-bed hospital in a suburban community east of Dallas; and purchased Emanuel Medical Center, a 209-bed hospital located in Northern California. These community hospitals provide services that include emergency, critical care, labor and delivery, cardiology, and surgery. During the year ended December 31, 2014, the company opened 27 new outpatient facilities (4 diagnostic imaging centers, 1 ambulatory surgery center, 19 urgent care centers, and 3 emergency departments) and acquired 9 other outpatient businesses (1 diagnostic imaging center, 5 ambulatory surgery centers, and 3 urgent care centers), as well as various physician practice entities. Also in 2014, the company launched a national brand for its urgent care centers called MedPost Urgent Care. During the year ended December 31, 2014, the company announced a joint venture with Texas Tech University Health Sciences Center at El Paso to develop and build a new 140-bed teaching hospital and a medical office building in west El Paso. Each of the company’s general hospitals offers acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies; in addition, majority offers intensive care, critical care and/or coronary care units, physical therapy, and orthopedic, oncology, and outpatient services. Majority of the company’s hospitals also offer tertiary care services, such as open-heart surgery, neonatal intensive care, and neurosciences. Five of its hospitals, such as Good Samaritan Medical Center, Hahnemann University Hospital, Harper University Hospital, North Shore Medical Center, and St. Louis University Hospital, offer quaternary care in areas, such as heart, liver, kidney, and bone marrow transplants. Children’s Hospital of Michigan and St. Christopher’s Hospital for Children provide tertiary and quaternary pediatric services, including bone marrow and kidney transplants, as well a


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Industry Analysis


Industry Average

Valuation THC Industry Range
Price/Earnings 100.0x
Price/Sales 0.1x
Price/Book 3.3x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful

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