Tenet Healthcare (THC) Reports Q3 Loss of $0.08
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Tenet Reports Results for the Third Quarter Ended September 30, 2016
October 31, 2016 4:19 PM EDTReported a net loss from continuing operations of $9 million or $0.09 per share. Adjusted EBITDA was $570 million and Adjusted diluted earnings per share from continuing operations was $0.16. Same-hospital patient revenue grew 5.3% in the third quarter, driven by 1.4% growth in adjusted admissions and 3.9% growth in revenue per adjusted admission. Hospital segment Adjusted EBITDA totaled $334 million. Ambulatory Care segment revenue increased 9.7% on a same-facility system-wide basis in the third quarter, with cases increasing 4.0% and revenue per case increasing 5.5%. Adjusted EBITDA for the ambulatory segment was $157 million, a 28.7% increase, and representing... More
