secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000070318-22-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q2 net income falls 68% to $38M; adjusted EBITDA up 1% to $843M
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- Net income from continuing ops $38M ($0.35 EPS) vs $120M ($1.11) in Q2'21.
- Adjusted EBITDA $843M (+1% YoY); Adjusted diluted EPS $1.50 vs $1.59.
- Cybersecurity incident drove same-hospital adjusted admissions down 5.3% YoY.
- Acquired remaining 5% of USPI for $406M; now owns 100% of USPI voting stock.
- Reaffirmed FY 2022 Adjusted EBITDA outlook of $3.375B-$3.575B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031822000036/0000070318-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031822000036/thc-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000070318-22-000036

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