Tenet Healthcare (THC) Reports Q1 EPS of 67c, EBITDA of $529M, Reaffirms FY Guidance
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Tenet Reports Adjusted EBITDA of $529 Million for the Quarter Ended March 31, 2015
May 4, 2015 4:05 PM EDTDALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYSE: THC) reported Adjusted EBITDA of $529 million for the first quarter of 2015, an increase of $142 million, or 37 percent, compared to $387 million in the first quarter of 2014.
This was a very good quarter for Tenet, characterized by a continuation of the strong volume trends from the second half of 2014, exceptional results at Conifer, and EBITDA that exceeded our expectations, said Trevor Fetter, president and chief executive officer. We also made a number of important steps in the quarter to improve Tenets strategic position. We expect these actions to... More
