Tenet Healthcare Corporation

News and overview for Tenet Healthcare Corporation

Tenet Reports 50% Increase in Adjusted EBITDA for Third Quarter [Press Release]
Business Wire | 19 days 20 hours 13 minutes ago
Tenet Healthcare Corporation (NYSE:THC) today reported Adjusted EBITDA, a non-GAAP term defined below, of $240 million for the third quarter ended Sept. 30, 2009, an increase of $80 million, or 50 percent, as compared to $160 million for the third quarter of 2008. On a same-hospital basis, Adjusted EBITDA was $236 million for the third quarter of 2009, an increase of $74 million, or 45.7 percent, as compared to $162 million in the third quarter of 2008. The net loss attributable to common sha...


Initiative from BankAtlantic and Tenet South Florida Hospitals to meet healthcare needs of local community
News-Medical.Net | 27 days 16 hours 10 minutes ago
BankAtlantic, Floridas Most Convenient Bank, announced today that it has partnered with Tenet South Florida Hospitals to provide outreach events designed to improve the health of the local community. The partnership involves branches and hospitals from Miami-Dade to Martin County, and includes events such as screenings and lectures.


Tenet Hospitals Awarded 257 CIGNA HealthCare Quality Designations [Press Release]
Business Wire | 20 days 18 hours 41 minutes ago
Tenet Healthcare Corporation (NYSE: THC) today announced that 42 of its hospitals received 257 quality designations through CIGNA HealthCare.


BankAtlantic Partner s with Tenet Hospitals for Health Education and Community Outreach [Press Release]
Business Wire | 27 days 19 hours 7 minutes ago
BankAtlantic, Florida’s Most Convenient Bank, announced today that it has partnered with Tenet South Florida Hospitals to provide outreach events designed to improve the health of the local community. The partnership involves branches and hospitals from Miami-Dade to Martin County, and includes events such as screenings and lectures.


Tenet Announces Creighton University Medical Center Appoints New CEO [Press Release]
Business Wire | 13 days 16 hours 43 minutes ago
Tenet Healthcare Corporation (NYSE: THC) today announced that Creighton University Medical Center (CUMC) has named Gary Honts as its chief executive officer. Honts has served as interim CEO at CUMC since May 25, 2009. As CEO, Honts will oversee strategic, operational and clinical activities for the 334-bed tertiary care hospital located in Omaha, Neb.


Tenet to Release Third Quarter Results on Nov. 3, 2009 [Press Release]
Business Wire | 38 days 12 hours 38 minutes ago
Tenet Healthcare Corporation (NYSE: THC) plans to announce results for its third quarter ended Sept. 30, 2009, before the market opens on Tuesday, Nov. 3, 2009.


Conifer Health Solutions to Explain How Hospitals Can Maximize Yield in Revenue Cycle [Press Release]
Business Wire | 3 days 12 hours 48 minutes ago
Conifer Health Solutions Senior Vice President of Revenue Cycle Operations Jeff Nieman will discuss how hospitals and healthcare systems can calculate yield, or rate of return, and utilize the ultimate measurement of revenue cycle success during an upcoming executive webinar, “Maximizing Yield: The Science Behind Improving Revenue Cycle Performance.” The event, which will be held on Tuesday, Nov. 24, at 2 p.m. CST, is being sponsored by the Healthcare Financial Management Association (HFMA).


Conifer Expands Revenue Cycle Services Agreement with Colorado Hospital System [Press Release]
Business Wire | 12 days 13 hours 49 minutes ago
Conifer Revenue Cycle Solutions, Inc. today announced it has reached an agreement to expand its relationship with a 12-unit hospital system in Colorado through 2012. Conifer will provide Medical Eligibility Counseling Services (MECS) to all 12 hospitals and continue to provide self-pay Accounts Receivable Management services to six of the system’s hospitals. The MECS program helps patients who may not have the means to pay for needed hospital services identify government programs, third-party...


HCP Announces Third Quarter 2009 Results [Press Release]
Business Wire | 19 days 19 hours 43 minutes ago
HCP (the “Company” or “we”) (NYSE:HCP) announced results for the quarter ended September 30, 2009. Funds from operations (“FFO”) applicable to common shares, before giving effect to impairments and litigation provision was $149.3 million, or $0.52 per diluted share, for the quarter ended September 30, 2009, compared to FFO applicable to common shares, before giving effect to impairments and merger-related charges of $178.8 million, or $0.72 per diluted share, in the year-ago period. FFO appli...


Bermuda Hospitals Board Introduces Electronic Medical Charting With MEDHOST At Its Emergency Care Facilities [Press Release]
Business Wire | 19 days 17 hours 43 minutes ago
MEDHOST, provider of the leading Emergency Department Information System (EDIS), today announced that the Bermuda Hospitals Board (BHB) has introduced MEDHOST’s full-suite software at its King Edward VII Memorial Hospital (KEMH) and new Lamb Foggo Urgent Care Centre (UCC). As Bermuda’s only hospital and urgent care center, shifting to the electronic system removes manual, paper processes and revolutionizes the way BHB prioritizes and documents patient care. BHB chose MEDHOST because of the sy...


BankAtlantic Partner's with Tenet Hospitals for Health Education and Community Outreach
Investor's Business Daily | 27 days 18 hours 9 minutes ago
FORT LAUDERDALE, Fla., Oct 26, 2009 (BUSINESS WIRE) -- BankAtlantic, Florida's Most Convenient Bank, announced today that it has partnered with Tenet South Florida Hospitals to provide outreach events designed to improve the health of the local community.


Five Smart Analyst Plays
Forbes | 3 days 9 hours 15 minutes ago
According to analysts with good ratings from StarMine, these five stocks are cheaper than they appear.


Broadlane Acquires Healthcare Performance Partners [Press Release]
Business Wire | 6 days 17 hours 13 minutes ago
Broadlane, the leading cost-management company for healthcare providers, today announced the acquisition of Healthcare Performance Partners (HPP), a consulting group offering Lean Healthcare and Six Sigma consulting services, training, and tools. Terms of the deal were not disclosed. With its experienced staff of Lean and Six Sigma healthcare practitioners and medical professionals, HPP facilitates remarkable improvements while educating and training healthcare executives and staff on key pri...


Universal Health Care Plays
Forbes | 5 days 21 hours 33 minutes ago
Some employers have begun talking about how they'll make ends meet if their premiums go up from universal health care. They might offer lower overall coverage, or they could cut vision and dental benefits. Though it all might sound like a human resources issue, it could cut into the profits of opticians, and medical device and drug makers. If employers get stingy, you might want to avoid health care companies that got their revenues from more generous coverage.


Broadlane Appoints Paul Carmody to Senior Vice President, Product Development and Strategy [Press Release]
Business Wire | 31 days 18 hours 13 minutes ago
Broadlane, the leading cost-management company for healthcare providers, today announced the appointment of Paul Carmody to senior vice president of product development and strategy. Carmody will lead the company’s new product development and launch initiatives, as well as expand Broadlane’s cost-management offerings to further support client needs.





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Company Overview


Company: Tenet Healthcare Corporation
Industry: Hospitals
Website: http://www.tenethealth.com

Tenet Healthcare may be one of the biggest US hospital chains, but this giant is anything but jolly. Still recovering from a series of scandals, Tenet has trimmed its holdings and revamped its operations. It now owns or leases more than 50 acute care hospitals with about 14,000 beds in 12 states; a majority of its facilities are in California, Georgia, and Texas. The hospitals range from small community facilities offering basic care to major teaching and research hospitals, such as Atlanta Medical Center. Additionally, Tenet operates specialty hospitals, skilled nursing facilities, physician practices, outpatient centers, and other health care facilities that form regional networks around its main hospitals.


Key Numbers

Sales in U.S. Dollars (mil.) 8,663 (2008)
One-year % Growth in Sales -2.1 (2008)
Net Income in U.S. Dollars (mil.) 25 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 60,297 (2008)
One-year % Growth in Number of Employees -4.7 (2008)
Fiscal Year-End December