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Tenet Healthcare Corporation (THC)

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Trevor Fetter , CEO/President/Director

www.tenethealth.com

Industry: Healthcare

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Overview

News

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Financials

Overview

An investor-owned health care services company whose subsidiaries and affiliates mainly operates general hospitals and related health care facilities and also hold investments in other companies.

Portfolio Articles

The Black-Box Business of Class-Action Suits
Doing the paperwork behind mass tort cases, from finding plaintiffs to cutting their checks, is a growing and lucrative business. It is also lightly scrutinized.

Jul 04 2007

See more news on this company

News Feeds

Tenet Healthcare falls on weak 3Q and outlook AP
Nov 05 2008
Tenet shares plunge after 3Q results fall short AP
Nov 04 2008
Tenet results miss estimates; shares slump Reuters
Nov 04 2008
Calendar of major business events Tuesday AP
Nov 03 2008
Earnings Preview: Tenet Healthcare AP
Nov 03 2008

Portfolio Blogs

Winners and Losers in the Options Race
Feb 13 2008

Press Releases

Tenet Forms Conifer Health Solutions to Provide Third-Party Revenue Cycle and Patient Communication Services Nov-06-2008, 08:30AM EST
Tenet Reports Third Quarter Net Income of $104 Million, Including First Quarter of Outpatient Visit Growth in Five Years, Fourth Consecutive Quarter of Admissions Growth, and Pre-Tax Gains on Investment Sales of $140 Million Nov-04-2008, 07:30AM EST
Broadlane to Manage Procurement and Materials Management at Tenet Healthcare Corporation's 52 Hospitals Oct-14-2008, 05:30PM EDT
Tenet Healthcare to Outsource Materials Management and Procurement to Broadlane Oct-14-2008, 04:30PM EDT
Tenet Subsidiary to Close Irvine Regional Hospital and Medical Center Oct-07-2008, 04:30PM EDT

News From Around the Web

News

Dow Jones falls 444 points (BizJournals)

Nov 21 2008
Dallas stocks fall as Dow drops below 8,000 (BizJournals)

Nov 20 2008
Tenet CEO Buys 100K Shares As Stock Hit New Lows (Morningstar)

Nov 05 2008
ADM, Tenet Healthcare, MasterCard among big movers (Boston Globe)

Nov 04 2008
Most Overpaid CEO Of The Day: Trevor Fetter Of Tenet Healthcare (THC) (24/7 Wall St.)

Nov 04 2008
Tenet Swings To Profit On Higher Volume; Sees 2008 Profit (Morningstar)

Nov 04 2008
Calendar of major business events Tuesday (Boston Globe)

Nov 03 2008
Earthquake law pushes hospitals to spend big on IT (Computerworld)

Aug 18 2008
Medical Data Breaches Put Patients at Risk (CIO Magazine)

Apr 30 2008

Blogs

Hospitals Feel the Pain (WSJ.com: MarketBeat Blog)

Nov 18 2008

Employees

Number of Employees: 46,183

Revenue per Employee: $176,776

Top Executives

Dr.Jennifer Daley, M.D., Chief Medical Officer/Senior VP, Divisional

Cathy Fraser, Senior VP, Divisional

Daniel J. Cancelmi, Controller/Vice President

Biggs C. Porter, CPA, CFO

Dr. Stephen L. Newman, M.D, COO

Board of Directors

Brenda J. Gaines, Director

J. McDonald Williams, Director

James A. Unruh, Director

Edward A. Kangas, Chairman of the Board/Director

Karen M. Garrison, Director

J. Robert Kerrey, Director

Governor John Ellis (Jeb) Bush, Director

Richard R. Pettingill, Director

Dr.Floyd D. Loop, M.D., Director

Financials

Quarterly

Annual

Income Statement	11/2008	08/2008	05/2008	02/2008
Sales	888 Mil.	903 Mil.	1.46 Bil.	-96 Mil.
Gross Operating Profit	1.27 Bil.	1.28 Bil.	915 Mil.	2.35 Bil.
Operating Income before D & A (EBITDA)	152 Mil.	160 Mil.	234 Mil.	166 Mil.
Total Income Before Interest Expenses (EBIT)	218 Mil.	67 Mil.	96 Mil.	39 Mil.
Total Net Income	104 Mil.	-15 Mil.	-31 Mil.	-75 Mil.
Basic EPS, Total	0.22	-0.03	-0.06	-0.16
Diluted EPS, Total	0.22	-0.03	-0.06	-0.16

BALANCE STATEMENT	11/2008	08/2008	05/2008	02/2008
Cash and Equivalents	512 Mil.	352 Mil.	278 Mil.	572 Mil.
Total Assets	2.84 Bil.	2.78 Bil.	2.32 Bil.	2.56 Bil.
Total Liabilities	1.98 Bil.	1.97 Bil.	1.87 Bil.	2.05 Bil.
Total Capitalization	4.91 Bil.	4.8 Bil.	4.8 Bil.	4.82 Bil.

Cash Flow	11/2008	08/2008	05/2008	02/2008
Net Cash From Continuing Operations	92 Mil.	-15 Mil.	-152 Mil.	281 Mil.
Net Cash From Investing Activities	-203 Mil.	-211 Mil.	-161 Mil.	-520 Mil.
Net Cash From Financing Activities	2 Mil.	1,000 K.	0	-18 Mil.
Net Change in Cash & Cash Equivalents	-60 Mil.	-220 Mil.	-294 Mil.	-212 Mil.

Income Statement	2008	2007	2006	2005
Sales	5.54 Bil.	5.47 Bil.	0	0
Gross Operating Profit	3.32 Bil.	3.23 Bil.	9.61 Bil.	9.92 Bil.
Operating Income before D & A (EBITDA)	701 Mil.	687 Mil.	571 Mil.	434 Mil.
Total Income Before Interest Expenses (EBIT)	316 Mil.	-720 Mil.	-296 Mil.	-1.28 Bil.
Total Net Income	-89 Mil.	-803 Mil.	-708 Mil.	-2.64 Bil.
Basic EPS, Total	-0.19	-1.71	-1.54	-5.66
Diluted EPS, Total	-0.19	-1.71	-1.54	-5.66

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	572 Mil.	784 Mil.	1.37 Bil.	654 Mil.
Total Assets	2.56 Bil.	3.02 Bil.	3.51 Bil.	3.99 Bil.
Total Liabilities	2.05 Bil.	1.92 Bil.	2.29 Bil.	2.13 Bil.
Total Capitalization	4.82 Bil.	5.02 Bil.	5.8 Bil.	6.13 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	281 Mil.	-360 Mil.	718 Mil.	326 Mil.
Net Cash From Investing Activities	-520 Mil.	-379 Mil.	-392 Mil.	-12 Mil.
Net Cash From Financing Activities	-18 Mil.	252 Mil.	348 Mil.	129 Mil.
Net Change in Cash & Cash Equivalents	-212 Mil.	-589 Mil.	719 Mil.	35 Mil.

Tenet Healthcare Corporation (THC)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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