Why Is Hospital Chain Operator Tenet Healthcare Stock Soaring On Tuesday? [Yahoo! Finance]
Tenet Healthcare Corporation (THC)
Last tenet healthcare corporation earnings: 2/24 04:21 pm
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US:NYSE Investor Relations:
investor.tenethealth.com
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Source: Yahoo! Finance
consensus of $5.15 billion . Tenet Healthcare operates hospitals and healthcare facilities. “We have had an outstanding start to the year highlighted by strong growth in revenues, admissions, and profitability,” said Saum Sutaria, M.D., Chairman and Chief Executive Officer of Tenet. Adjusted EBITDA in first-quarter 2024 was $1.024 billion compared to $832 million a year ago, reflecting strong same-hospital admission growth, favorable payer mix, and improved contract labor costs, partially offset by higher medical fees Ambulatory Care net operating revenues increased 9.9% to $995 million, driven by strong net revenue per case growth, acquisitions and opening of de novo facilities, and increased service lines. Surgical business same-facility system-wide net patient service revenues increased 6.4%, with cases down 0.4% and net revenue per case up 6.8%. Hospital Operations and Services revenues increased 6.2% to $4.4 billion, primarily due to increased admissions, favorable paye
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THC
Earnings
- 4/30/24 - Beat
THC
Sec Filings
- 5/14/24 - Form PX14A6G
- 5/10/24 - Form 4
- 5/9/24 - Form 4
- THC's page on the SEC website