tenet healthcare corporation is a diversified healthcare services company with 115,000 employees united around a common mission: to help people live happier, healthier lives. through its subsidiaries, partnerships and joint ventures, including united surgical partners international, the company operates general acute care and specialty hospitals, ambulatory surgery centers, urgent care centers and other outpatient facilities. tenet’s conifer health solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans.
Company profile
Ticker
THC
Exchange
Website
CEO
Ronald Rittenmeyer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NATIONAL MEDICAL ENTERPRISES INC /NV/
SEC CIK
Corporate docs
Subsidiaries
601 N 30th Street I, L.L.C. • 601 N 30th Street II, L.L.C. • 601 N 30th Street III, Inc. • Abrazo Health Network EP Clinical Services, LLC • Advantage Health Care Management Company, LLC • AHM Acquisition Co., Inc. • Alvarado Hospital Medical Center, Inc. • AMC/North Fulton Urgent Care #1 L.L.C. • AMC/North Fulton Urgent Care #3, L.L.C. • AMC/North Fulton Urgent Care #4, L.L.C. ...
IRS number
952557091
THC stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
8-K
Tenet Completes Sale of Six Hospitals in California
1 Apr 24
8-K
Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health
29 Feb 24
8-K
Regulation FD Disclosure
16 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Provides 2024 Financial Outlook
8 Feb 24
8-K
Completion of Acquisition or Disposition of Assets
1 Feb 24
8-K
Tenet Advances Portfolio Transformation and Previews Strong 2023 Results
1 Feb 24
Transcripts
THC
Earnings call transcript
2023 Q4
8 Feb 24
THC
Earnings call transcript
2023 Q3
30 Oct 23
THC
Earnings call transcript
2023 Q2
31 Jul 23
THC
Earnings call transcript
2023 Q1
25 Apr 23
THC
Earnings call transcript
2022 Q4
9 Feb 23
THC
Earnings call transcript
2022 Q3
21 Oct 22
THC
Earnings call transcript
2022 Q2
22 Jul 22
THC
Earnings call transcript
2022 Q1
21 Apr 22
THC
Earnings call transcript
2021 Q4
8 Feb 22
THC
Earnings call transcript
2021 Q3
21 Oct 21
Latest ownership filings
4
Saumya Sutaria
5 Apr 24
4
RICHARD J MARK
14 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
4
Paola M Arbour
8 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
4
Saumya Sutaria
5 Mar 24
4
Lisa Y Foo
5 Mar 24
4
R. Scott Ramsey
5 Mar 24
4
Thomas W Arnst
5 Mar 24
4
Paola M Arbour
5 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn |
Cash burn (monthly) | (no burn) | 12.83 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 85.70 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 968.30 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 75.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
95.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 413 |
Opened positions | 52 |
Closed positions | 55 |
Increased positions | 138 |
Reduced positions | 165 |
13F shares | Current |
---|---|
Total value | 6.22 tn |
Total shares | 94.66 mm |
Total puts | 2.88 mm |
Total calls | 2.49 mm |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 10.94 mm | $720.67 bn |
BLK Blackrock | 10.45 mm | $688.71 bn |
Glenview Capital Management | 6.87 mm | $452.34 bn |
T. Rowe Price | 5.31 mm | $350.15 bn |
IVZ Invesco | 5.17 mm | $340.83 bn |
Camber Capital Management | 3.65 mm | $240.54 bn |
STT State Street | 2.93 mm | $192.99 bn |
BAC Bank Of America | 1.68 mm | $110.53 bn |
Geode Capital Management | 1.52 mm | $99.88 bn |
Marshall Wace | 1.43 mm | $94.02 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 24 | Saumya Sutaria | Common Stock | Gift | Dispose G | No | No | 0 | 125,000 | 0.00 | 371,521 |
12 Mar 24 | Richard J Mark | Common Stock | Sell | Dispose S | No | No | 98.98 | 14,000 | 1.39 mm | 33,303 |
6 Mar 24 | Paola M Arbour | Common Stock | Sell | Dispose S | No | No | 96.96 | 18,168 | 1.76 mm | 29,803 |
1 Mar 24 | Saumya Sutaria | Common Stock | Payment of exercise | Dispose F | No | No | 94.29 | 18,440 | 1.74 mm | 496,521 |
1 Mar 24 | Saumya Sutaria | Common Stock | Option exercise | Acquire M | No | No | 0 | 36,384 | 0.00 | 514,961 |
1 Mar 24 | Saumya Sutaria | RSU Common Stock | Option exercise | Acquire M | No | No | 0 | 36,384 | 0.00 | 72,768 |
1 Mar 24 | Lisa Y Foo | Common Stock | Payment of exercise | Dispose F | No | No | 94.29 | 1,890 | 178.21 k | 19,566 |
1 Mar 24 | Lisa Y Foo | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,198 | 0.00 | 21,456 |
1 Mar 24 | Lisa Y Foo | RSU Common Stock | Option exercise | Acquire M | No | No | 0 | 4,198 | 0.00 | 8,397 |
News
Cracking The Code: Understanding Analyst Reviews For Tenet Healthcare
12 Apr 24
Deutsche Bank Maintains Buy on Tenet Healthcare, Raises Price Target to $126
12 Apr 24
Cantor Fitzgerald Reiterates Overweight on Tenet Healthcare, Maintains $104 Price Target
10 Apr 24
10 Health Care Stocks Whale Activity In Today's Session
29 Mar 24
The Analyst Landscape: 9 Takes On Tenet Healthcare
27 Mar 24
Press releases
Tenet to Report its First Quarter 2024 Results on April 30th
28 Mar 24
Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health
29 Feb 24
Tenet to Participate in Barclays 26th Annual Global Healthcare Conference
21 Feb 24
Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026
16 Feb 24
Tenet Reports Fourth Quarter and FY 2023 Results; Provides 2024 Financial Outlook
8 Feb 24