Last €45.75 EUR
Change Today +0.58 / 1.28%
Volume 173.0
THC1 On Other Exchanges
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Exchange
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As of 1:00 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC1) Snapshot

Open
€45.11
Previous Close
€45.17
Day High
€45.75
Day Low
€45.10
52 Week High
08/22/14 - €45.75
52 Week Low
04/17/14 - €27.86
Market Cap
4.5B
Average Volume 10 Days
101.9
EPS TTM
--
Shares Outstanding
97.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TENET HEALTHCARE CORP (THC1)

tenet healthcare corp (THC1) 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 (THC1) 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 (THC1) Key Developments

Tenet Healthcare Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Third Quarter and Full Year 2014

Tenet Healthcare Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net operating revenues were $4,042 million against $2,422 million a year ago. Operating income was $207 million against $202 million a year ago. Income from continuing operations, before income taxes was $17 million against loss of $66 million a year ago. Loss from continuing operations, net of tax was $10 million or $0.11 per basic and diluted share against loss of $53 million or $0.52 per basic and diluted share a year ago. Net loss attributable to common shareholders was $26 million or $0.27 per basic and diluted against $50 million or $0.49 per basic and diluted a year ago. Adjusted EBITDA was $460 million against $336 million a year ago. Adjusted net cash provided by operating activities- continuing operation was $318 million against $174 million a year ago. Adjusted free cash flow continuing operation was $76 million against $51 million a year ago. For the six months, net operating revenues were $7,968 million against $4,809 million a year ago. Operating income was $377 million against $348 million a year ago. Income from continuing operations, before income taxes was $5 million against loss of $200 million a year ago. Loss from continuing operations, net of tax was $37 million or $0.38 per basic and diluted share against of $139 million or $1.34 per basic and diluted share a year ago. Net loss attributable to common shareholders was $58 million or $0.60 per basic and diluted against $138 million or $1.33 per basic and diluted a year ago. Net cash provided by operating activities was $247 million against $128 million a year ago. Purchases of property and equipment- continuing operations were $523 million against $256 million a year ago. Adjusted EBITDA was $847 million against $610 million a year ago. Adjusted net cash provided by operating activities- continuing operation was $343 million against $154 million a year ago. Adjusted negative free cash flow continuing operation was $180 million against $102 million a year ago. For the third quarter, normalized loss from continuing operations is expected to be between $9 million to profit of $36 million. Normalized net loss attributable to common shareholders is expected to be between $29 million or $0.30 per diluted share to profit of $21 million or $0.21 per diluted share. Net loss attributable to common shareholders is expected to be between $48 million to profit of $7 million. Loss from continuing operations is expected to be between $23 million to profit of $22 million. Loss from continuing operation, before income tax was is expected to be between $39 million to profit of $36 million. Operating income is expected to be between $180 million to $245 million. Adjusted EBITDA is expected to be between $400 million to $450 million. Net operating revenues is expected to be between $3,800 million to $4,000 million For the year ending December 31, 2014, Net cash provided by operating activities is expected to be between $951 million to $1,011 million. Adjusted net cash provided by operating activities –continuing operations is expected to be between $1,050 million to $1,100 million. Purchase of property and equipment –continuing operations is expected to be between $1,000 million to $900 million. Adjusted free cash flow- continuing operations is expected to be between $50 million to $200 million. Normalized profit from continuing operations is expected to be between $140 million to profit of $248 million. Normalized net profit attributable to common shareholders is expected to be between $65 million or $0.65 per diluted share to profit of $183 million or $1.83 per diluted share. Net loss attributable to common shareholders is expected to be between $21 million to profit of $112 million. Profit from continuing operations is expected to be between $84 million to $192 million. Income from continuing operation, before income tax was is expected to be between $148 million to $328 million. Operating income is expected to be between $932 million to $245 million. Adjusted EBITDA is expected to be between $1,850 million to $1,950 million. . Net operating revenues are expected to be between $16,000 million to $16,250 million.

A Subsidiary of Tenet Healthcare Corporation Completes Acquisition of Emanuel Medical Center in Turlock, Calif.; Names Susan Micheletti as Emanuel Medical Center's New Chief Executive Officer

A subsidiary of Tenet Healthcare Corporation has completed the acquisition of Emanuel Medical Center, a 209-bed hospital in Turlock, Calif., located about 100 miles southeast of San Francisco. The addition of Emanuel Medical Center complements the wide range of healthcare services provided by two other Tenet hospitals in the Central Valley - Doctors Medical Center of Modesto and Doctors Hospital of Manteca. Together, the three hospitals will improve the efficiency and coordination of healthcare delivery in their local communities. Tenet acquired the hospital from Covenant Ministries of Benevolence. Tenet also has named Susan Micheletti as Emanuel Medical Center's new chief executive officer, effective August 1, 2014. Micheletti, a highly experienced hospital executive, joins Emanuel Medical Center from San Ramon Regional Medical Center, Tenet's 123-bed acute care hospital in San Ramon, Calif. where she served as chief operating officer since June 2000. She joined San Ramon Regional Medical Center as controller when it opened in 1990 and was promoted to chief financial officer.

Tenet Healthcare Corp. Appoints Garry L. Gause as Chief Executive Officer of its Southern Region

Tenet Healthcare Corp. named Garry L. Gause as chief executive officer of its Southern Region. In this role, Gause will lead the overall direction, strategy and operations for the region's 10 geographically dispersed acute care hospitals, one critical access hospital, 34 outpatient centers and related healthcare services. Gause has been with Tenet for 16 years and most recently served as the chief executive officer of the Birmingham Market and as chief executive officer of Brookwood Medical Center in Birmingham, Ala. Prior to joining Tenet, Gause served as chief executive officer at hospitals in Birmingham, Decatur and Cullman, Ala., as well as in Olympia, Wash.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 8.1x
Price/Cash Flow 8.9x
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