Tenet Healthcare Corporation stock price

Tenet Healthcare Corporation latest news:


  • 02/02/2018 10:19:07

    BRIEF-Tenet Issues Statement Regarding Glenview Capital's Submission To Amend Bylaws

    * TENET HEALTHCARE - ‍RECEIVED PROPOSAL BY GLENVIEW CAPITAL TO AMEND CO'S BYLAWS TO INCLUDE PROVISION TO ALLOW SHAREHOLDERS TO ACT BY WRITTEN CONSENT​

  • 01/08/2018 12:08:36

    Tenet Healthcare's stock drops after increased job cuts, lower adjusted profit outlook

    Shares of Tenet Healthcare Corp. dropped 3.9% in afternoon trade Monday, after the health care services company increased its workforce reduction target by over 50% in an effort to cut more costs. The company said in a presentation at the J.P. Morgan Healthcare Conference in San Francisco it would cut about 2,000 jobs as it targets an annualized $250 million in cost reductions by the end of 2018. At the Bank of America Merrill Lynch Leverage Finance Conference on Nov. 29, Tenet said it would eliminate 1,300 jobs and targeted cost cuts of $150 million. Separately, the company cut its 2018 adjusted earnings-per-share guidance range to 58 cents to 97 cents from $1.07 to $1.36, because it will no be able to recognize for accounting purposes the future benefit related to excess interest expense limitation carryforward, as a result of the new tax law. The FactSet 2018 adjusted EPS consensus was $1.23. The stock has lost 5.3% over the past three months, while the SPDR Health Care Select Sector ETF has gained 2.4% and the S&P 500 has climbed 7.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/05/2018 18:10:10

    BRIEF-Tenet Healthcare Issues Information On Financial Implications Of Changes To Federal Tax Law​

    * ‍ISSUES INFORMATION ON FINANCIAL IMPLICATIONS OF CHANGES TO FEDERAL TAX LAW​‍

  • 01/05/2018 10:35:15

    BRIEF-Tenet, St. Luke's Hospital Announce Agreement Regarding Sale Of Des Peres Hospital

    Tenet Healthcare Corp(THC): * TENET AND ST. LUKE'S HOSPITAL ANNOUNCE DEFINITIVE AGREEMENT REGARDING THE SALE OF DES PERES HOSPITAL. * TENET HEALTHCARE SAYS ENTERED AGREEMENT FOR ST. LUKE'S TO PURCHASE DES PERES HOSPITAL, TENET-OWNED PHYSICIAN PRACTICES, AMONG OTHERS Source text for Eikon: Further company coverage:

  • 12/19/2017 10:24:03

    Tenet puts Conifer unit up for sale, plans more cost cuts

    Tenet Healthcare Corp(THC) on Tuesday said it is putting its Conifer unit up for sale and plans to cut $100 million more in costs, as its new chief executive works to slash its heavy debt load. Ronald Rittenmeyer became interim CEO of the hospital operator in October after Trevor Fetter stepped down under investor pressure.

  • 12/19/2017 10:23:45

    UPDATE 3-Tenet puts Conifer unit up for sale, plans more cost cuts

    Dec 19 (Reuters) - Tenet Healthcare Corp on Tuesday said it is putting its Conifer unit up for sale and plans to cut $100 million more in costs, as its new chief executive works to slash its heavy debt load.

  • 12/19/2017 09:40:36

    CORRECTED-UPDATE 2-Tenet explores sale of Conifer unit amid investor pressure

    Dec 19 (Reuters) - Tenet Healthcare Corp said on Tuesday it would explore a sale of its Conifer unit and cut $100 million more in costs, the latest measures to jolt its business amid mounting pressure from its largest shareholder.

  • 12/19/2017 09:16:37

    Tenet looks to sell Conifer business, cut more costs

    Tenet Healthcare aims to expand its cost-cutting plan, sell a business and continue shaking up its board mix as the hospital chain seeks firmer financial footing

  • 12/19/2017 09:15:46

    Tenet looks to sell Conifer business, cut more costs

    The hospital chain Tenet Healthcare plans to cut more costs and sell a business after releasing a lighter-than-expected forecast for 2018.

  • 11/29/2017 14:46:04

    U.S. healthcare shares climb as investors see upside from Republican tax bill

    Shares of U.S. healthcare companies mostly climbed on Wednesday, as investors saw some potential upside for the stocks from a Republican-led bill to cut taxes. Hospitals were among the biggest gainers on the day, with Community Health Systems (CYH) up 6.2 percent and shares of Tenet Healthcare (THC) up 5.2 percent.

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