Tenet generates $164M in Q2 ambulatory care adjusted EBITDA: 12 takeaways

Tenet Healthcare accrued substantial net losses from continuing operations in the second quarter this year.

Here are 12 takeaways:

Full company
1. Net losses from continuing operations attributed to Tenet shareholders were $56 million, up from $44 million net losses in the second quarter last year.

2. Adjusted EBITDA totaled $570 million, less than $629 million in the same quarter of 2016.

3. Cash and cash equivalents totaled $475 million as of June 30.

4. Tenet had $1.375 billion in uncompensated care costs.

Ambulatory care segment
5. Tenet generated net operating revenues of $472 million, up 6.8 percent compared to the same quarter last year.

6. Tenet's ambulatory segment had adjusted EBITDA of $164 million, an 18 percent increase from the same quarter of 2016.

Hospital operations and other segment
7. Patient revenue was nearly $4.04 billion on a same-hospital basis.

8. Net operating revenues were $4.06 billion, a 0.1 percent drop from the second quarter of 2016.

9. Adjusted EBITDA was $346 million.

10. The company's health plan businesses accrued losses of $19 million.

2017 outlook
11. Tenet expects revenue between $19.1 billion and $19.4 billion.

12. The company anticipates adjusted EBITDA between $2.45 billion and $2.55 billion.

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast