Morning Briefing
Summaries of health policy coverage from major news organizations
Tenet Healthcare Reports Third-Quarter Loss Of $366 Million
Modern Healthcare: Tenet Posts Operating Loss Of $366 Million In Third Quarter
Tenet Healthcare Corp., Dallas, reported a net loss from continuing operations in the third quarter of $366 million, up from a loss of $9 million a year earlier. Same-hospital patient revenue fell 2.3% to $3.777 billion from $3.867 in the same respective periods, according to the company. (Barr, 11/6)
Dallas Morning News: Tenet Healthcare Reports A Quarterly Loss That's 45 Times Higher Than Last Year
Shares of Dallas-based hospital operator Tenet Healthcare continued to dip in after hours trading on Monday as the company reported a third quarter loss of $367 million. That’s about 45 times higher than the loss reported at the same time last year. The company slashed its annual earnings outlook by about $50 million. At $12.65 per share, the ailing health care company’s stock is at a five-year low. (Rice, 11/6)
