Tenet expects FY22 Adj. EBITDA slightly above $3.425B midpoint; CFO to retire

TENET HEALTHCARE CORP

Prelim FY22 Adj. EBITDA (ex-pandemic grants) slightly above $3.425B guidance midpoint.
All three business segments met or slightly exceeded their adjusted EBITDA midpoint.
CFO Daniel Cancelmi to retire Dec 31, 2023; national search for successor underway.
USPI CEO Brett Brodnax retiring end of 2023; Andy Johnston expected to take over.
Conifer CEO Roger Davis retiring Q1 2023; multiple internal promotions announced.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Daniel Cancelmi

Chief Financial Officer

THC · TENET HEALTHCARE CORP

Effective: 2023-12-31
Filed: January 19, 2023, 6:59 PM ET

Daniel Cancelmi, Executive Vice President & Chief Financial Officer, has announced his retirement from the Company, effective December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TENET HEALTHCARE CORP updated its the fiscal year ended December 31, 2022 guidance (raised).

Period: the fiscal year ended December 31, 2022
Guidance: raised
Result: guidance update

Exact text from the filing

On January 19, 2023, Tenet Healthcare Corporation (the “Company”) issued a press release announcing the Company’s expectation that its Adjusted EBITDA, excluding any fourth quarter stimulus grant income related to the pandemic, will beat the midpoint of the Adjusted EBITDA Outlook range for the fiscal year ended December 31, 2022 that was previously disclosed in the Company’s press release dated October 20, 2022 reporting third quarter 2022 results.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Cancelmi departed as Chief Financial Officer at TENET HEALTHCARE CORP.

Action: announced retirement
Role: Chief Financial Officer

Exact text from the filing

Daniel Cancelmi, Executive Vice President & Chief Financial Officer, has announced his retirement from the Company, effective December 31, 2023.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

TENET HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0000070318-23-000004

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