Tenet Healthcare Q4 2019 Earnings Report
Key Takeaways
Tenet Healthcare reported a net income of $2 million, or $0.02 per diluted share, in 4Q19, compared to a net loss of $5 million, or $0.05 per diluted share, in 4Q18. Adjusted EBITDA was $805 million, up from $684 million in the prior year, and adjusted diluted EPS increased to $0.99 from $0.51 in 4Q18. The company anticipates a spin-off of its Conifer segment by the end of the second quarter of 2021.
Consolidated Adjusted EBITDA increased by 18 percent year-over-year.
Consolidated Adjusted diluted EPS rose by 94 percent year-over-year.
Hospital segment same-hospital admissions and adjusted admissions grew by 2.6 percent and 1.9 percent, respectively.
Ambulatory segment system-wide same-facility surgical cases increased by 3.4 percent.
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Tenet Healthcare Revenue by Segment
Forward Guidance
Tenet provided its outlook for FY 2020, anticipating continued growth from operational improvements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income