Becker's Healthcare April 30, 2024
Dallas-based Tenet Healthcare posted a net income of $2.2 billion in the first quarter of 2024 up from $143 million posted in the same period last year, according to its April 30 financial report.
“We have had an outstanding start to the year highlighted by strong growth in revenues, admissions and profitability,” Tenet Chairman and CEO Saum Sutaria, MD, said in the report. “Our operational excellence and focus on continuous improvement helped enable our momentum as we transform our company through strategic portfolio decisions, disciplined capital allocation and debt reduction.”
Here are seven takeaways from the report:
1. The first-quarter results included a pre-tax gain of $2.5 billion ($1.86 billion after tax) associated with the sales of three hospitals...
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