Here are four observations:
1. Tenet’s board approved the repurchase of an additional $500 million of the hospital operator’s shares.
2. Tenet’s hospital operator reported revenue rose to $4.69 billion in the third quarter, compared to $4.17 billion the same period the prior year. The company had expected revenue of $4.65 billion to $4.85 billion.
3. Tenet had predicted per-share earnings of $0.05 to $0.49.
4. The company increased its revenue outlook to between $18.35 billion and $18.55 billion.
More articles on surgery centers:
AmSurg takes $7.6B TeamHealth bid off the table: 4 things to know
11 new outpatient surgery centers in October
AmSurg bids for TeamHealth again: 4 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.