Tenet Healthcare (THC) Tops Q4 EPS by 15c, Offers Outlook
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Tenet Reports Results for the Fourth Quarter Ended December 31, 2017
February 26, 2018 4:15 PM ESTHospital segment same-hospital admissions increased 0.2%, adjusted admissions increased 1.3%, and revenue per adjusted admission increased 4.8%, resulting in same-hospital net patient revenue growth of 6.1%. Ambulatory Care same-facility system-wide cases increased 4.6% and revenue per case increased 2.2%, resulting in revenue growth of 6.9%. Conifers revenues decreased 2.0% with revenue from third parties flat year-over-year. As a result of the Tax Cuts and Jobs Act, Tenet recorded a $252 million non-cash partial write-down of the Companys deferred tax assets and a $22 million increase in noncontrolling interest expense, which lowered net... More
