secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000070318-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q2 net income $123M ($1.15/diluted); raises FY23 EBITDA view to $3.31-3.46B
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- Net income from continuing ops $123M ($1.15/diluted); adjusted EPS $1.44; revenue $5.08B, up from $4.64B YoY.
- Ambulatory Care Adj. EBITDA ex-grant $369M (+16.4% YoY); same-facility surgical cases +6.6%.
- Hospital segment Adj. EBITDA ex-grant $381M; same-hospital admissions +3.0%, non-COVID admissions +5%.
- FY2023 Adj. EBITDA guidance raised to $3.31-3.46B; FCF outlook $1.1-1.35B.
- Completed $1.35B 6.75% notes private placement; redeemed $1.345B 4.625% notes due 2024; no debt maturities until 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031823000040/0000070318-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031823000040/thc-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000070318-23-000040

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