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Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas, Texas. With a workforce of approximately 115,000 employees, Tenet is committed to helping people live happier and healthier lives through a variety of healthcare facilities and services.
Tenet's portfolio includes 60 acute care and specialty hospitals, along with over 450 ambulatory surgery centers and other outpatient facilities spread across the U.S., primarily in the Southern regions. These facilities provide a range of medical services, from urgent care to complex surgical procedures.
A significant part of Tenet's operations is managed through its subsidiary, Conifer Health Solutions, which offers technology-enabled performance improvement and health management solutions. Conifer's services extend to hospitals, health systems, physician practices, self-insured organizations, and health plans, ensuring efficient revenue cycle management and value-based care.
Tenet’s partnership with United Surgical Partners International (USPI) forms the largest ambulatory surgery platform in the country, operating or holding interests in more than 480 surgical centers and hospitals. This extensive network ensures that patients have access to top-notch surgical care in convenient outpatient settings.
One of the significant recent achievements for Tenet is its strategic agreement to sell three hospitals in South Carolina to Novant Health for approximately $2.4 billion. These hospitals include Hilton Head Hospital in Beaufort County, Coastal Carolina Hospital in Jasper County, and East Cooper Medical Center in Charleston County. This transaction is expected to close early next year, subject to regulatory approvals. This move is part of Tenet’s strategy to optimize its portfolio and focus on markets and facilities where it can provide the most value.
Additionally, Tenet has entered into a definitive agreement with the Regents of the University of California to sell its Pacific Coast Network, which includes four medical centers in Orange County. This acquisition is expected to enhance UCI Health's capabilities and expand its reach in providing advanced healthcare services. These strategic transactions align with Tenet’s ongoing commitment to deliver quality, compassionate care in the communities it serves.
Overall, Tenet Healthcare Corporation continues to play a vital role in the U.S. healthcare landscape through its diverse range of services and strategic partnerships, ensuring quality care for millions of patients annually.
Tenet Healthcare Corporation (NYSE: THC) is set to present at the BofA Securities 2023 Health Care Conference in Las Vegas, NV, on Tuesday, May 9, 2023, starting at 9:20 a.m. Pacific Time (12:20 p.m. Eastern Time). A live webcast and audio archive will be available in the investor relations section of Tenet's website.
Tenet Healthcare, headquartered in Dallas, operates a diversified healthcare services network, which includes United Surgical Partners International, featuring over 465 ambulatory surgery centers. The company also manages 61 acute care and specialty hospitals and provides revenue cycle management through its Conifer Health Solutions subsidiary. Tenet is committed to delivering quality care across the communities it serves.
Tenet Healthcare Corporation (NYSE: THC) reported a net income from continuing operations of $143 million, or $1.32 per diluted share, for Q1 2023, marking an increase from $139 million and $1.27 per diluted share in Q1 2022. The Adjusted EBITDA for the same period was $832 million, slightly down from $888 million in the previous year. The company experienced a 21.4% growth in its Ambulatory Care Adjusted EBITDA of $340 million. Q1 2023 revenues rose to $5.021 billion compared to $4.745 billion in Q1 2022. Looking ahead, the FY 2023 Adjusted EBITDA Outlook is raised to $3.210 billion to $3.410 billion. Tenet's results reflect a focus on expanding specialty care, despite challenges in COVID-related volumes and increased income tax expenses.
Tenet Healthcare Corporation (NYSE: THC) will announce its first quarter 2023 results on April 25, 2023, before the market opens. Following this, a conference call will take place at 9:00 a.m. CT (10:00 a.m. ET). Investors can access a live webcast and an audio archive of the call via the investor relations section of Tenet's website.
Tenet is a diversified healthcare services company based in Dallas, operating 61 hospitals and more than 465 ambulatory surgery centers. Its subsidiary, Conifer Health Solutions, provides essential services to various healthcare clients.
Tenet Healthcare Corporation (NYSE: THC) will present at the Barclays Global Healthcare Conference on March 14, 2023, at 9:30 a.m. Eastern time. Investors can access a live webcast and audio archive via the investor relations section of Tenet's website. The replay will be available for 30 days.
Headquartered in Dallas, Tenet is a diversified healthcare services company with a wide range of facilities, including over 465 ambulatory surgery centers. The company operates 61 acute care and specialty hospitals and offers revenue cycle management through its subsidiary, Conifer Health Solutions.
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