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Tenet (THC) Divests Six Hospitals, Sustains Divestiture Spree
Zacks Investment Research· 2024-04-02 18:01
Tenet Healthcare Corporation (THC) recently closed the divestitures of six hospitals and related operations based in California. Out of the total, four facilities and their related operations are located in Orange County and Los Angeles County, and have been divested to the academic health system of Orange County, UCI Health.An agreement for the sale of the facilities, named Fountain Valley Regional Hospital, Lakewood Regional Medical Center, Los Alamitos Medical and Placentia-Linda Hospital, was inked at t ...
Tenet Healthcare (THC) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-03-22 23:21
In the latest trading session, Tenet Healthcare (THC) closed at $102.05, marking a -1.12% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.14% for the day. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw an increase of 0.17%.Heading into today, shares of the hospital operator had gained 11.72% over the past month, outpacing the Medical sector's gain of 0.88% and the S&P 500's gain of 5.34% in that time.Investors will be eag ...
Tenet Healthcare (THC) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-03-13 23:21
The latest trading session saw Tenet Healthcare (THC) ending at $100.38, denoting a +0.42% adjustment from its last day's close. This change outpaced the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.54%.Prior to today's trading, shares of the hospital operator had gained 13.5% over the past month. This has outpaced the Medical sector's gain of 2.91% and the S&P 500's gain of 3.18% in that time.The investment community ...
Why the Market Dipped But Tenet Healthcare (THC) Gained Today
Zacks Investment Research· 2024-03-06 00:16
In the latest market close, Tenet Healthcare (THC) reached $95.56, with a +1.99% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 1.02%. Elsewhere, the Dow lost 1.04%, while the tech-heavy Nasdaq lost 1.65%.The the stock of hospital operator has risen by 4.06% in the past month, lagging the Medical sector's gain of 4.07% and overreaching the S&P 500's gain of 3.64%.The upcoming earnings release of Tenet Healthcare will be of great interest to investors. It ...
Tenet Healthcare (THC) to Sell Hospitals to Refine Portfolio
Zacks Investment Research· 2024-03-01 18:31
Tenet Healthcare Corporation (THC) inked a definitive deal to divest its two hospitals, affiliated physician practices and related operations to the California-based nonprofit, integrated health system, Adventist Health. The hospitals, named Sierra Vista Regional Medical Center and Twin Cities Community Hospital, serve the communities of San Luis Obispo county, across which Adventist Health has a widespread presence.Subject to customary regulatory approvals, clearances and closing conditions, the transactio ...
Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health
Businesswire· 2024-02-29 11:45
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Adventist Health for the sale of two Tenet hospitals and related operations in San Luis Obispo County. Tenet also announced its Conifer Health Solutions subsidiary will enter into an agreement to provide revenue cycle services for Adventist Health. The transaction will include Sierra Vista Regional Medical Center and Twin Cities Community Hospital, as well as affiliated physician practices and oth ...
Tenet Healthcare (THC) Falls More Steeply Than Broader Market: What Investors Need to Know
Zacks Investment Research· 2024-02-29 00:16
Tenet Healthcare (THC) closed the latest trading day at $89.22, indicating a -1.12% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.06%, and the technology-dominated Nasdaq saw a decrease of 0.55%.Heading into today, shares of the hospital operator had gained 9.05% over the past month, outpacing the Medical sector's gain of 5.93% and the S&P 500's gain of 3.98% in that time.Investors will be eagerly watchi ...
Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026
Businesswire· 2024-02-16 22:00
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today called for the redemption of all $2,100 million outstanding of its 4.875% Senior Secured First Lien Notes due 2026 (the “Notes”), which were issued pursuant to the Indenture, dated as of November 6, 2001 (the “Base Indenture”), by and between Tenet and The Bank of New York, as predecessor to The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Thirty-Second Supplemental Indenture, dated as of August 26, 20 ...
Tenet Health(THC) - 2023 Q4 - Annual Report
2024-02-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K ý Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023 OR ¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number 1-7293 TENET HEALTHCARE CORPORATION (Exact name of Registrant as specified in its charter) Nevada 95-2557091 (State of Incorporation) (IRS Employer Id ...
Tenet Health(THC) - 2023 Q4 - Earnings Call Transcript
2024-02-08 21:01
Company Participants Cal Sternick – JPMorgan Chase & Company Whit Mayo – Leerink Partners Jason Cassorla – Citi Saum Sutaria – Chairman and Chief Executive Officer Conference Call Participants Justin Lake – Wolfe Research Sarah James – Cantor Fitzgerald Jamie Perse – Goldman Sachs Good afternoon. Welcome to Tenet Healthcare's Fourth Quarter 2023 Earnings Conference Call. After the speaker remarks, there will be a question-and-answer session for industry analysts. [Operator Instructions] Tenet respectfully a ...