Tenet Healthcare Corp (N:THC)
Business Focus: Healthcare Facilities & Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 14201 Dallas Parkway DALLAS TX 75254 |
| Tel: | N/A |
| Website: | https://www.tenethealth.com |
| IR: | See website |
| Key People | ||
| Saumya Sutaria Chairman of the Board, Chief Executive Officer | Sun Park Chief Financial Officer, Executive Vice President | Thomas W. Arnst Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary |
| Paola M. Arbour Executive Vice President, Chief Information Officer | Lisa Y. Foo Executive Vice President - Commercial Operations | |
| Business Overview |
| Tenet Healthcare Corporation is a diversified healthcare services company. The Company's care delivery network includes USPI Holding Company, Inc. (USPI), which operates or has ownership interests in ambulatory surgery centers and surgical hospitals. The Company also operates acute care and specialty hospitals, as well as other outpatient facilities, including surgical hospitals, and ambulatory surgery centers (ASC), among others. The Company operates through two segments: Hospital Operations and Services, and Ambulatory Care. The Hospital Operations and Services segment, which is comprised of acute care and specialty hospitals, a network of employed physicians and ancillary outpatient facilities, as well as the revenue cycle management and value-based care services that the Company provide to hospitals, health systems, physician practices, employers, and other clients. The Ambulatory Care segment, which is comprised of USPI's ASCs and surgical hospitals. |
| Financial Overview |
| For the nine months ended 30 September 2024, Tenet Healthcare Corp revenues increased 3% to $15.59B. Net income increased from $367M to $2.88B. Revenues reflect Number of Surgeries, Total increase from 87K to 239K. Net income benefited from G/L on Sale of Tangible & Intangible FA increase from $12M to $2.91B (income). Basic Earnings per Share excluding Extraordinary Items increased from $3.60 to $29.42. |
| Employees: | 78,144 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $21,928M as of Sep 30, 2024 |
| Annual revenue (TTM): | $20,972M as of Sep 30, 2024 |
| EBITDA (TTM): | $4,036M as of Sep 30, 2024 |
| Net annual income (TTM): | $3,126M as of Sep 30, 2024 |
| Free cash flow (TTM): | $2,393M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $8,777M as of Sep 30, 2024 |
| Shares outstanding: | 95,097,000 as of Oct 23, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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