THC Tenet Healthcare Corp.

All THC filings Filing statistics SEC

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

NYSE

Website

www.tenethealth.com

CEO

Ronald A. Rittenmeyer

Incorporated in

Nevada

Location

Texas

Fiscal year end

Dec 31

Sector

Health Services > Hospital/Nursing Management

Industry (SEC)

Services - General Medical & Surgical Hospitals, NEC

Community Health Systems • Universal Health Services • Quorum Health • HCA Healthcare • Surgery Partners • Tongji Healthcare • SunLink Health Systems • Rennova Health • Nobilis Health • Envision Healthcare ...

Former names

National Medical Enterprises Inc

SEC CIK

0000070318

Corporate docs

Articles of Incorporation & Bylaws

IRS number

952557091

THC stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart THC financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	4.57B	4.56B	4.55B	4.62B
Net income	-232M	17M	-19M	-5M
Diluted EPS	-2.24	0.16	-0.18	-0.04
Net profit margin	-5.08%	0.37%	-0.42%	-0.11%
Operating income	294M	388M	371M	404M
Net change in cash	65M			-89M
Cash on hand	314M	249M		411M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	18.31B	19.18B	19.62B
Net income	111M	-704M	-192M	-140M
Diluted EPS	1.07	-7	-1.93	-1.41
Net profit margin	0.61%	-3.67%	-0.98%
Operating income	1.65B	1.11B	1.25B	1.08B
Net change in cash	-200M	-105M	360M	163M
Cash on hand	411M	611M	716M	356M

Financial data from company earnings reports

Financial report summary

Competition

MedAssets • Nobilis Health • Surgery Partners

Risks

We cannot provide any assurances that we will be successful in completing the proposed spin-off of Conifer or in divesting assets in non-core markets.
A spin-off of Conifer could adversely affect our earnings and cash flows.
Conifer operates in a highly competitive industry, and its current or future competitors may be able to compete more effectively than Conifer does, which could have a material adverse effect on Conifer’s margins, growth rate and market share.
Despite current indebtedness levels, we may be able to incur substantially more debt or otherwise increase our leverage. This could further exacerbate the risks described above.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: allotment, Colorado, component, correcting, Correction, devise, director, forthcoming, headquartered, inventory, monetary, OIG, oral, post, President, rulemaking, strike, survey, Tennessee

From filing 10-Q 2019 Q3