Tenet Healthcare Gains 26.9% in a Year: Is It the Right Time to Invest?

Tenet Healthcare Corporation’s (THC) shares have surged 26.9% in the past year against the industry’s 2.2% decline. It has also outperformed the broader Zacks Medical sector’s 11% decline and the S&P 500’s 9.3% increase in the said time frame.The company has been benefiting on the back of higher same-hospital admissions, a favorable payer mix and increased Medicaid supplemental revenues. Closing at $133.04 in the last trading session, the stock has a market cap of$12.7 billion.Image Source: Zacks Investmen ...