Tenet Healthcare Corp (THC.N)
17 May 2013
|Market Cap (Mil.):||$4,742.42|
|Shares Outstanding (Mil.):||103.50|
(The following statement was released by the rating agency) NEW YORK, May 15 (Fitch) Fitch Ratings has assigned a 'BB/RR1' rating to Tenet Healthcare Corp.'s (Tenet) $1.05 billion secured notes offering. The ratings apply to approximately $3.3 billion of secured debt at March 31, 2012. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. Tenet will use the proceeds of the $1.05 billion senior secured notes issuance to retire $925 million of its 8.875% se
NEW YORK - Tenet Healthcare Corp is eyeing growth through acquisitions or partnerships in regions where it already has a presence and would consider buying a larger system to gain entry into a new geographic market, its chief executive said on Tuesday.
NEW YORK - Tenet Healthcare Corp sees its hospitals playing a role in signing up uninsured Americans for President Barack Obama's healthcare overhaul, particularly in states that are balking at implementing the reform.
(For other news from Reuters Health Summit, click on http://www.reuters.com/summit/Health13)
* Profit from continuing operations excluding items beats estimates
April 30 - Tenet Healthcare Corp on Tuesday posted a first-quarter net loss on a decline in admissions, becoming the latest U.S. hospital operator to report a slowdown in patient visits.
* Expects to treat more patients with insurance under reform
- Tenet Healthcare Corp on Tuesday reported a fourth-quarter profit versus a year-ago loss as outpatient hospital visits increased and said it sees health reform next year will have a positive impact on earnings.
Feb 26 - Tenet Healthcare Corp reported a fourth-quarter profit on Tuesday, compared with a year-earlier loss, helped by increased outpatient visits to its hospitals.
Jan 23 - Fitch Ratings has assigned a 'BB/RR1' rating to Tenet Healthcare Corp.'s (Tenet) 4.5% senior secured notes due 2021. The ratings apply to approximately $4.9 billion of debt at Sept. 30, 2012. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. Tenet will use the proceeds of the $850 million senior secured notes issuance to retire $714 million of its 10% senior secured notes due 2018 in a tender offer. The balance will be used for general corporate
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