Tenet Healthcare accrued substantial net losses from continuing operations in the second quarter this year.
Here are 12 takeaways:
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.
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.