Tenet Healthcare (THC) Tops Q4 EPS by 1c; Provides Wide EPS Guidance
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Tenet Reports Results for the Fourth Quarter Ended December 31, 2015 and Issues Outlook for 2016
February 22, 2016 4:29 PM ESTGenerated Adjusted EBITDA of $2.276 billion and Adjusted diluted EPS of $2.05 during calendar year 2015. During the fourth quarter, Tenet generated Adjusted EBITDA of $613 million and Adjusted diluted EPS of $0.35. Issued 2016 Outlook, which includes Adjusted EBITDA of $2.4 billion to $2.5 billion. After normalizing for timing differences related to the California Provider Fee, same-hospital patient revenue increased 3.6% in the fourth quarter, with adjusted admissions increasing 0.3% and revenue per adjusted admission increasing 3.2%. Ambulatory segment revenue increased 12.5% on a pro forma same-facility system-wide basis in the fourth quarter, with cases increasing 6.9% and... More
