Last $58.87 USD
Change Today +2.42 / 4.29%
Volume 1.2M
THC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC) Snapshot

Open
$56.99
Previous Close
$56.45
Day High
$59.28
Day Low
$56.95
52 Week High
09/22/14 - $63.61
52 Week Low
04/17/14 - $37.95
Market Cap
5.8B
Average Volume 10 Days
1.9M
EPS TTM
$0.91
Shares Outstanding
97.9M
EX-Date
03/13/00
P/E TM
64.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for TENET HEALTHCARE CORP (THC)

tenet healthcare corp (THC) Details

Tenet Healthcare Corporation, an investor-owned health care services company, primarily operates acute care hospitals and related health care facilities in the United States. Its general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive care, critical care and/or coronary care units, physical therapy, and orthopedic, oncology, and outpatient services; tertiary care services, such as open-heart surgery, neonatal intensive care, and neurosciences; quaternary care services in the areas of heart, liver, kidney, and bone marrow transplants; pediatric and burn services; gamma-knife brain surgery; and cyberknife radiation therapy for tumors and lesions in the brain, lung, neck, and spine. In addition, the company offers operational management for patient access, health information management, revenue integrity, and patient financial services; customized patient communications solutions to optimize the relationship between providers and patients; and management services, such as clinical integration, financial risk management, and population health management. Further, it provides clinical research programs related to cardiovascular disease, pulmonary disease, musculoskeletal disorders, neurological disorders, genitourinary disease, and various cancers, as well as medical device studies. As of December 31, 2013, it operated 77 hospitals with 20,293 beds; 183 outpatient centers; 6 health plans; 6 accountable care networks; and Conifer Health Solutions, LLC, which provides business process solutions to approximately 700 hospital and other clients. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

75,709 Employees
Last Reported Date: 02/24/14
Founded in 1967

tenet healthcare corp (THC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.2M
Chief Financial Officer
Total Annual Compensation: $484.9K
President of Hospital Operations
Total Annual Compensation: $663.5K
Senior Vice President of Physician Resources
Total Annual Compensation: $417.3K
Senior Vice President and General Counsel
Total Annual Compensation: $411.7K
Compensation as of Fiscal Year 2013.

tenet healthcare corp (THC) Key Developments

Tenet Healthcare Corporation Issues $500,000,000 Aggregate Principal Amount of 5.50% Senior Notes Due 2019

Tenet Healthcare Corporation issued $500,000,000 in aggregate principal amount of 5.50% senior notes due 2019. The Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws. Tenet will pay interest on the Notes semi-annually, in arrears, on March 1 and September 1 of each year, commencing March 1, 2015, to holders of record on the immediately preceding February 15 and August 15. The Notes are unsecured and will rank equally with all of Tenet's existing and future unsecured senior debt, will rank senior to all of Tenet's existing and future unsecured subordinated debt and will be effectively subordinated to all of Tenet's existing and future secured debt, to the extent of the value of the collateral securing such secured indebtedness. The Notes were issued pursuant to the indenture, dated as of November 6, 2001, between Tenet and The Bank of New York Mellon Trust Company, N.A., as supplemented by the twenty-fourth supplemental indenture thereto, dated as of September 29, 2014, between Tenet and the Trustee. The Indenture contains covenants that, among other things, restrict Tenet's ability and the ability of its subsidiaries: to incur liens; enter into sale and lease-back transactions; or consolidate, merge or sell all or substantially all of their assets, other than in certain transactions between one or more of Tenet's wholly owned subsidiaries and Tenet. These restrictions, however, are subject to a number of important exceptions and qualifications. In particular, there are no restrictions on Tenet's ability or the ability of its subsidiaries to incur additional indebtedness, make restricted payments, pay dividends or make distributions in respect of capital stock, purchase or redeem capital stock, enter into transactions with affiliates or make advances to, or invest in, other entities. The Indenture also provides that the Notes may become subject to redemption under certain circumstances, including a change of control (as defined in the Indenture) of Tenet. In addition, Tenet may, at its option, redeem the Notes in whole or in part at any time at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus the applicable make-whole premium set forth in the Indenture, together with accrued and unpaid interest.

Tenet Healthcare Corporation Announces Private Offering of Senior Notes

Tenet Healthcare Corporation is offering to sell $500 million aggregate principal amount of senior notes through a private placement. The proceeds from the offering will be used for general corporate purposes, including the repayment of indebtedness and drawings under Tenet's senior secured revolving credit facility, related transaction fees and expenses, and acquisitions. The notes being offered have not been registered under the Securities Act of 1933, as amended, or any state securities laws. As a result, they may not be offered or sold in the United States or to any U.S. persons, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act or, outside the United States, to persons other than U.S. persons in compliance with Regulation S under the Securities Act.

THC Seeks Acquisitions

Tenet Healthcare Corp. (NYSE:THC) is seeking acquisitions. THC intends to use $500 million net proceeds from private placement for general corporate purposes, including the repayment of indebtedness and drawings under Tenet's senior secured revolving credit facility, related transaction fees and expenses and acquisitions.

 

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Industry Analysis

THC

Industry Average

Valuation THC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 7.6x
Price/Cash Flow 8.4x
TEV/Sales NM Not Meaningful
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