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THC Tenet Healthcare

Tenet Healthcare Corp. engages in the provision of health care services. Through its subsidiaries and affiliates, it owns and facilitates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, and related health care facilities. It operates through the following business segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The Hospital Operations and Other segment comprises of acute care hospitals, ancillary outpatient facilities, urgent care centers, microhospitals and physician practices. The Ambulatory Care segment includes operations of USPI joint venture and the company's nine Aspen facilities in the United Kingdom. The Conifer segment offers healthcare business process services in the areas of hospital and physician revenue cycle management and value-based care solutions to healthcare systems, as well as individual hospitals, physician practices, self-insured organizations, health plans, and other entities. The company was founded in 1975 and is headquartered in Dallas, TX.

Company profile

Ticker
THC
Exchange
CEO
Ronald Rittenmeyer
Employees
Incorporated
Location
Fiscal year end
Former names
NATIONAL MEDICAL ENTERPRISES INC /NV/
SEC CIK
IRS number
952557091

THC stock data

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Calendar

30 Apr 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.14B 2.14B 2.14B 2.14B 2.14B 2.14B
Cash burn (monthly) 101.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 250.96M n/a n/a n/a n/a n/a
Cash remaining 1.89B n/a n/a n/a n/a n/a
Runway (months of cash) 18.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 May 21 Howard Hacker Common Stock Sell Dispose S No No 66.7 6,382 425.68K 0
28 May 21 Paola M Arbour Common Stock Payment of exercise Dispose F No No 66.91 611 40.88K 1,898
28 May 21 Paola M Arbour Common Stock Option exercise Aquire M No No 0 2,509 0 2,509
28 May 21 Paola M Arbour RSU Common Stock Option exercise Dispose M No No 0 2,509 0 0
28 May 21 Marie Quintana Common Stock Payment of exercise Dispose F No No 66.91 803 53.73K 12,299
28 May 21 Marie Quintana Common Stock Option exercise Aquire M No No 0 2,039 0 13,102
28 May 21 Marie Quintana RSU Common Stock Option exercise Dispose M No No 0 2,039 0 0
24 May 21 Fitzgerald Meghan Common Stock Sell Dispose S No No 63.57 6,153 391.15K 33,828
21 May 21 Paola M Arbour Common Stock Sell Dispose S No No 63.44 9,029 572.8K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 303 277 +9.4%
Opened positions 63 60 +5.0%
Closed positions 37 23 +60.9%
Increased positions 72 63 +14.3%
Reduced positions 116 106 +9.4%
13F shares
Current Prev Q Change
Total value 5B 3.95B +26.6%
Total shares 96.21M 98.98M -2.8%
Total puts 853.1K 1.77M -51.7%
Total calls 1.55M 2.79M -44.5%
Total put/call ratio 0.6 0.6 -12.9%
Largest owners
Shares Value Change
Glenview Capital Management 13.73M $713.72M -24.8%
BLK Blackrock 13.14M $683.09M +7.8%
Vanguard 11.4M $592.62M -0.1%
Harris Associates L P 6.34M $329.76M -10.9%
STT State Street 3.24M $168.53M -2.3%
Camber Capital Management 3M $156M 0.0%
Dimensional Fund Advisors 2.31M $120.29M -1.9%
Centerbridge Partners 2.08M $108.34M NEW
GS Goldman Sachs 2M $103.82M -6.5%
Geode Capital Management 1.89M $98.11M +12.1%
Largest transactions
Shares Bought/sold Change
Glenview Capital Management 13.73M -4.53M -24.8%
Centerbridge Partners 2.08M +2.08M NEW
Viking Global Investors 1.46M +1.46M NEW
Norges Bank 0 -1.28M EXIT
BLK Blackrock 13.14M +945.3K +7.8%
Canyon Capital Advisors 870K +870K NEW
Harris Associates L P 6.34M -772.41K -10.9%
Capital Growth Management 680K +680K NEW
Davidson Kempner Capital Management 0 -663.84K EXIT
Letko, Brosseau & Associates 1.4M -650.27K -31.7%

Financial report summary

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Management Discussion
  • •Hospital Operations, which is comprised of our acute care and specialty hospitals, ancillary outpatient facilities, urgent care centers, micro-hospitals and physician practices. As described in Note 5 to the accompanying Consolidated Financial Statements, certain of these facilities were classified as held for sale at December 31, 2020 and 2019.
  • •Ambulatory Care, which is comprised of USPI’s ASCs, urgent care centers, imaging centers and surgical hospitals. As described in Note 5 to the accompanying Consolidated Financial Statements, certain of these facilities were classified as held for sale at December 31, 2020. In December 2020, USPI acquired controlling interests in the SCD Centers, which added 45 ASCs to USPI’s total centers.
  • •Conifer, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients.
Content analysis
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Positive
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Constraining
Legalese
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Readability
H.S. sophomore Avg
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