Tenet Healthcare (THC) Tops Q3 EPS by 33c

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Go back to Tenet Healthcare (THC) Tops Q3 EPS by 33c

Tenet Reports Third Quarter 2020 Results and Provides Update on Effects of COVID-19

October 20, 2020 4:05 PM EDT

Net loss from continuing operations attributable to common shareholders in 3Q20 of $197 million (which included an after-tax loss of $237 million associated with early retirement of debt transactions) versus a net loss from continuing operations of $227 million in 3Q19 (which included an after-tax loss of $178 million associated with early retirement of debt transactions)

Debt refinancing during 3Q20 eliminated any significant debt maturities until June 2023 and reduces future annual cash interest expense by approximately $50 million Consolidated Adjusted EBITDA in 3Q20 of $621 million excluding a $70... More