Articles from Tenet Healthcare Corporation

Tenet Healthcare Corporation (NYSETHC) will release its fourth quarter 2024 results before the market opens on Wednesday, February 12, 2025, to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended September 30, 2024.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the UBS Global Healthcare Conference on Tuesday, November 12, 2024, beginning at 12:30 p.m. Eastern time.

Tenet Healthcare Corporation (NYSETHC) will release its third quarter 2024 results before the market opens on Tuesday, October 29, 2024, to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) today announced that it has completed the sale of its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health consistent with previously disclosed terms.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the 2024 Wells Fargo Healthcare Conference on Wednesday, September 4, 2024, beginning at 9:30 a.m. Eastern time.

Tenet Healthcare Corporation (NYSETHC) has entered into a definitive agreement with Orlando Health for the sale of Tenet’s 70% majority ownership interest in Brookwood Baptist Health in Birmingham for approximately $910 million in cash (after-tax proceeds of approximately $790 million).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended June 30, 2024.

Tenet Healthcare Corporation (NYSETHC) will release its second quarter 2024 results on Wednesday, July 24, 2024, no later than 6:00 a.m. Central Time (CT), to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the BofA Securities 2024 Health Care Conference on Tuesday, May 14, 2024, beginning at 12:20 p.m. Eastern time.

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended March 31, 2024.

Tenet Healthcare Corporation (NYSETHC) today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclosed terms.

Tenet Healthcare Corporation (NYSETHC) will release its first quarter 2024 results on Tuesday, April 30, 2024, no later than 6:00 a.m. Central Time (CT), to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) has entered into a definitive agreement with Adventist Health for the sale of two Tenet hospitals and related operations in San Luis Obispo County. Tenet also announced its Conifer Health Solutions subsidiary will enter into an agreement to provide revenue cycle services for Adventist Health.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Barclays Global Healthcare Conference on Tuesday, March 12, 2024, beginning at 9:30 a.m. Eastern time.

Tenet Healthcare Corporation (NYSETHC) today called for the redemption of all $2,100 million outstanding of its 4.875% Senior Secured First Lien Notes due 2026 (the “Notes”), which were issued pursuant to the Indenture, dated as of November 6, 2001 (the “Base Indenture”), by and between Tenet and The Bank of New York, as predecessor to The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Thirty-Second Supplemental Indenture, dated as of August 26, 2019 (the “Thirty-Second Supplemental Indenture” and, the Base Indenture, as amended and supplemented by the Thirty-Second Supplemental Indenture, the “Indenture”).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter and year ended December 31, 2023.

Tenet Healthcare Corporation (NYSETHC) today announced that it has completed the sale of three of its hospitals and related operations in South Carolina to Novant Health for approximately $2.4 billion. Tenet also announced it has entered into a definitive agreement with UCI Health for the sale of four Tenet hospitals and related operations in Orange County and Los Angeles County, California for approximately $975 million in cash. In addition, Tenet announced that it expects to exceed the high end of its latest FY23 Adjusted EBITDA Outlook range included in its third quarter 2023 earnings release.

Tenet Healthcare Corporation (NYSETHC) will release its fourth quarter 2023 results on Thursday, February 8, 2024, no later than 6:00 a.m. Central Time (CT), to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) today announced the appointment of Vineeta Agarwala, M.D., PhD, to its Board of Directors, effective immediately. Dr. Agarwala will serve as a member of the Quality, Compliance, and Ethics Committee, as well as the Human Resources Committee, increasing the size of the Board to 13 directors.

Tenet Healthcare Corporation (NYSETHC) has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carolina for approximately $2.4 billion in cash (after-tax proceeds of approximately $1.750 billion).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended September 30, 2023.

Tenet Healthcare Corporation (NYSETHC) will release its third quarter 2023 results after the market closes on Monday, October 30, 2023, to be followed by a conference call at 4:00 p.m. CT (5:00 p.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) today announced the appointment of Senator Roy Blunt to the Tenet Board of Directors, effective immediately. Senator Blunt will serve as a member of the Audit Committee, Nominating and Corporate Governance Committee, and Environmental, Social, and Governance Committee. This appointment expands the Board to 12 directors, 11 of whom are independent members.

Tenet Healthcare Corporation (NYSETHC) today announced that its Board of Directors has elected Chief Executive Officer, Saum Sutaria, M.D., to assume the additional position of Chairman, effective immediately. Sutaria succeeds Senator J. Robert Kerrey, who will transition to Lead Director of the Board, a role he previously held from 2017- 2022.

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended June 30, 2023.

Tenet Healthcare Corporation (NYSETHC) will release its second quarter 2023 results after the market closes on Monday, July 31, 2023, to be followed by a conference call at 4:00 p.m. CT (5:00 p.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) announced the appointment of Sun Park as Executive Vice President & Chief Financial Officer of the Company, effective January 1, 2024, as part of the Company’s planned Chief Financial Officer transition. Mr. Park will serve as an Executive Vice President of the Company from July 11, 2023 through December 31, 2023.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the 44th Annual Goldman Sachs Global Healthcare Conference on Tuesday, June 13, 2023, beginning at 9:20 a.m. Pacific time (12:20 p.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) today announced the appointment of Stephen H. Rusckowski to the Tenet Board of Directors, effective immediately. Rusckowski will serve as a member of the human resources committee and quality, compliance, and ethics committee. This appointment expands the Board to 11 directors, 10 of whom are independent members.

Tenet Healthcare Corporation (NYSETHC) today called for the redemption of all $756 million outstanding of its 4.625% senior secured first lien notes due July 2024 (the “July 2024 Notes”), which were issued pursuant to the Indenture, dated as of November 6, 2001, by and between Tenet and The Bank of New York Mellon Trust Company, N.A., as successor trustee to The Bank of New York (the “Base Indenture”), as supplemented by the Twenty-Ninth Supplemental Indenture, dated as of July 14, 2017, and all $589 million outstanding of its 4.625% senior secured first lien notes due September 2024 (the “September 2024 Notes” and, together with the July 2024 Notes, the “Notes”), which were issued pursuant to the Base Indenture, as supplemented by the Thirty-First Supplemental Indenture, dated as of August 26, 2019.

Tenet Healthcare Corporation (NYSETHC) today announced the pricing of the previously announced private placement offering and has agreed to issue and sell $1.350 billion in aggregate principal amount of senior secured first lien notes due on May 15, 2031, which will bear interest at a rate of 6.750% per annum (the “notes”). Completion of the notes offering is expected to occur on May 16, 2023, and is subject to, among other things, customary closing conditions.

Tenet Healthcare Corporation (NYSETHC) today announced a private placement offering of $1.350 billion in aggregate principal amount of new senior secured first lien notes maturing in 2031 (the “notes”). Completion of the notes offering is subject to, among other things, pricing and customary closing conditions.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the BofA Securities 2023 Health Care Conference in Las Vegas, NV, on Tuesday, May 9, 2023, beginning at 9:20 a.m. Pacific time (12:20 p.m. Eastern Time).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended March 31, 2023.

Tenet Healthcare Corporation (NYSETHC) will release its first quarter 2023 results before the market opens on Tuesday, April 25, 2023, to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Barclays Global Healthcare Conference on Tuesday, March 14, 2023, beginning at 9:30 a.m. Eastern time.

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended December 31, 2022.

Tenet Healthcare Corporation (Tenet) (NYSETHC) announced today that it expects to exceed the midpoint of its latest FY22 Adjusted EBITDA Outlook range included in its third quarter 2022 earnings release along with key leadership updates that will help support long-term business performance.

Tenet Healthcare Corporation (NYSETHC) will release its fourth quarter 2022 results on Thursday, February 9, 2023, no later than 6:00 a.m. Central Time (CT), to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the BofA Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022, beginning at 8:10 a.m. Eastern time.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Credit Suisse 31st Annual Healthcare Conference on Tuesday, November 8, 2022, beginning at 11:00 a.m. Eastern time.

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended September 30, 2022.

Tenet Healthcare Corporation (NYSETHC) plans to report results for its third quarter ending September 30, 2022, after the market closes on Thursday, October 20, 2022. The company will host a related conference call the following morning, Friday, October 21, 2022, at 10:00 a.m. Eastern time (9:00 a.m. Central time).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended June 30, 2022 (Q2’22). Tenet’s results for Q2’22 versus the quarter ended June 30, 2021 (Q2’21) are as follows:

Tenet Healthcare Corporation (NYSETHC) plans to report results for its second quarter ending June 30, 2022, after the market closes on Thursday, July 21, 2022. The company will host a related conference call the following morning, Friday, July 22, 2022, at 10:00 a.m. Eastern time (9:00 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Goldman Sachs 43rd Annual Global Healthcare Conference in Rancho Palos Verdes, CA on Tuesday, June 14, 2022, beginning at 1:00 p.m. Eastern time (10:00 a.m. Pacific time).

Tenet Healthcare Corporation (NYSETHC) today called for the redemption of all of the $1.748 billion aggregate principal amount outstanding of its 6.750% senior notes due June 15, 2023 (the “Notes”), which were issued pursuant to the Indenture, dated as of June 16, 2015, among THC Escrow Corporation II and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as supplemented by the Supplemental Indenture thereto, dated as of June 16, 2015, among Tenet and the Trustee (collectively, the “Indenture”).

Tenet Healthcare Corporation (NYSETHC) today announced the pricing of the previously announced private placement offering and has agreed to issue and sell $2.000 billion in aggregate principal amount of senior secured first lien notes due on June 15, 2030, which will bear interest at a rate of 6.125% per annum (the “notes”). The aggregate principal amount of notes to be issued in the offering was increased to $2.000 billion from the previously announced amount of $1.800 billion. Completion of the notes offering is expected to occur on June 15, 2022, and is subject to, among other things, customary closing conditions.

Tenet Healthcare Corporation (NYSETHC) today announced a private placement offering of $1.800 billion in aggregate principal amount of new senior secured first lien notes maturing in 2030 (the “notes”). Completion of the notes offering is subject to, among other things, pricing and customary closing conditions.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Barclays High Yield Bond & Syndicated Loan Conference on Wednesday, May 25, 2022, beginning at 10:30 a.m. Eastern time (9:30 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the BofA Securities 2022 Healthcare Conference in Las Vegas, NV, on Tuesday, May 10, 2022, beginning at 1:40 p.m. Eastern time (10:40 a.m. Pacific time).

Tenet Healthcare Corporation (NYSETHC) experienced a cybersecurity incident last week. The Company immediately suspended user access to impacted information technology applications, executed extensive cybersecurity protection protocols, and quickly took steps to restrict further unauthorized activity.

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended March 31, 2022 (Q1’22). Tenet’s results for Q1’22 versus the quarter ended March 31, 2021 (Q1’21) follow:

Tenet Healthcare Corporation (NYSETHC) plans to report results for its first quarter ending March 31, 2022, after the market closes on Wednesday, April 20, 2022. The company will host a related conference call the following morning, Thursday, April 21, 2022, at 10:00 a.m. Eastern time (9:00 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) today announced the appointment of Will McDowell as Vice President, Investor Relations. McDowell will join Tenet on March 31, 2022, after more than two decades serving in leadership roles at Cigna Corporation.

Tenet Healthcare Corporation (NYSETHC) today announced that it has entered into an amendment to its existing senior secured revolving credit facility. The amendment has an effective date of March 16, 2022 and amends certain provisions under the credit agreement to, among other things, (i) provide for aggregate revolving commitments not to exceed $1.5 billion, subject to borrowing availability, (ii) extend the maturity date to March 16, 2027 and (iii) replace LIBOR with Term SOFR and Daily Simple SOFR as the reference interest rate. The credit facility is guaranteed by certain of Tenet’s subsidiaries and secured by a first-priority lien on the accounts receivable and inventory owned by Tenet and its subsidiary guarantors.

Tenet Healthcare Corporation (NYSETHC) yesterday called for the redemption of all of the $700 million aggregate principal amount outstanding of its 7.500% senior secured first lien notes due April 1, 2025 (the “Notes”), which were issued pursuant to the Indenture, dated as of November 6, 2001, by and between Tenet and The Bank of New York Mellon Trust Company, N.A., as successor trustee to The Bank of New York, as supplemented by the Thirty-Fourth Supplemental Indenture, dated as of April 7, 2020, thereto (collectively, the “Indenture”).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended December 31, 2021 (Q4’21). Tenet’s results for Q4’21 versus the quarter ended December 31, 2020 (Q4’20) and for the year ended December 31, 2021 (FY 2021) versus the year ended December 31, 2020 (FY 2020) follow:

Tenet Healthcare Corporation (NYSETHC) plans to report results for its fourth quarter ended December 31, 2021 after the market closes on Monday, February 7, 2022. The company will host a related conference call the following morning, Tuesday, February 8, 2022, at 10:00 a.m. Eastern time (9:00 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present virtually at the J.P. Morgan Healthcare Conference on Tuesday, January 11, 2022, beginning at 3:00 p.m. Eastern time (2:00 p.m. Central time).

Tenet Healthcare Corporation (NYSETHC) and its subsidiary United Surgical Partners International (USPI) today completed their previously announced transaction to acquire SurgCenter Development (SCD). In connection with the closing of the transaction, Tenet/USPI acquired SCD’s ownership interests in 86 ambulatory surgery centers (ASCs) and other related ambulatory support services for approximately $1.1 billion.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the BofA Securities Leveraged Finance Conference on Tuesday, November 30, 2021, beginning at 9:45 a.m. Eastern time (8:45 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) announced today that Regina Nethery, Vice President of Investor Relations, has chosen to retire from her position, effective at the end of 2021.

Tenet Healthcare Corporation (NYSETHC) today announced a private placement offering of $1.450 billion in aggregate principal amount of newly issued senior secured first lien notes maturing in 2030 (the “notes”). Completion of the offering is subject to, among other things, pricing and standard closing and market conditions.

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Wolfe Research Virtual Healthcare Conference on Thursday, November 18, 2021, beginning at 11:00 a.m. Eastern time (10:00 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC), and its subsidiary United Surgical Partners International (USPI), today announced that they have entered into a definitive agreement with the principals of SurgCenter Development (SCD) to acquire SCD. Under the terms of the agreement, Tenet/USPI will acquire SCD’s ownership interests in 92 ambulatory surgery centers (ASCs) and other related ambulatory support services (collectively, the Portfolio).

Tenet Healthcare Corporation (NYSETHC) is scheduled to present at the Credit Suisse 30th Annual Healthcare Conference on Tuesday, November 9, 2021, beginning at 12:10 p.m. Eastern time (11:10 a.m. Central time).

Tenet Healthcare Corporation (Tenet) (NYSETHC) today announced its results for the quarter ended September 30, 2021 (Q3’21). Tenet’s results for Q3’21 versus the quarter ended September 30, 2020 (Q3’20) and for the nine months ended September 30, 2021 (YTD Q3’21) versus the nine months ended September 30, 2020 (YTD Q3’20) follow:

Tenet Healthcare Corporation (NYSETHC) plans to report results for its third quarter ending September 30, 2021 after the market closes on Wednesday, October 20, 2021. The company will host a related conference call the following morning, Thursday, October 21, 2021, at 10:00 a.m. Eastern time (9:00 a.m. Central time).

Tenet Healthcare Corporation (NYSETHC) and Cigna Corporation NYSE: CINYSECI)

Tenet Healthcare Corporation (NYSETHC) today called for the redemption of $1.100 billion of the $1.870 billion aggregate principal amount of its outstanding 4.625% senior secured first lien notes due July 15, 2024 (the “Notes”). As a result, Tenet expects to lower its future annual cash interest payments by approximately $50 million. This retirement of debt will be funded with approximately $1.100 billion of proceeds from the recent sale of the Company’s five hospitals in the Miami-Dade and Southern Broward counties and is part of Tenet’s long-term plan to reduce its debt.

Tenet Healthcare Corporation (NYSETHC) today announced the next step in its long-term leadership succession plan. Ron Rittenmeyer, who has served as CEO and Executive Chairman for nearly four years, will continue as Executive Chairman of the Company and the Board through 2022. Saum Sutaria, M.D., President and Chief Operating Officer of Tenet, will become Chief Executive Officer, effective September 1, 2021. He will continue to report to Rittenmeyer.

Tenet Healthcare Corporation (NYSETHC) today announced that it has completed the sale of its five hospitals and related operations in the Miami-Dade and Southern Broward counties. The transaction includes Coral Gables Hospital, Florida Medical Center, Hialeah Hospital, North Shore Medical Center and Palmetto General Hospital, as well as associated physician practices and other entities. Tenet’s ambulatory facilities operated by United Surgical Partners International in these markets will remain with Tenet and are not included in the transaction.

Tenet Healthcare Corporation (NYSETHC) today announced the results of its 2021 Healthy Over Hungry® Cereal Drive. The Cereal Drive works to help those struggling with hunger and to promote the importance of eating a healthy breakfast, especially for children who lose access to school-based nutrition programs during the summer months.