secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000070318-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q4 net income $244M, adj EBITDA $1.012B (+12.8% YoY); 2024 outlook $3.285-3.485B adj EBITDA
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- Q4 GAAP diluted EPS $2.30 vs $0.92 YoY; adjusted diluted EPS $2.68 vs $1.96.
- Ambulatory Care adj EBITDA $464M (+14.0% YoY) on 3.9% same-facility surgical case growth.
- Completed sale of three SC hospitals to Novant Health for ~$2.4B on Feb 1; signed deal to sell four CA hospitals to UCI Health for ~$975M.
- FY 2024 outlook: adj EBITDA $3.285B-$3.485B; net rev $19.9B-$20.3B; adj EPS $5.76-$6.90.
- Q4 hospital segment adj EBITDA excl. grant income $546M vs $450M YoY; same-hospital non-COVID admissions +2.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000011/0000070318-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000011/thc-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000070318-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer