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Home > Company Index > Health Products & Services > Hospitals > Tenet Healthcare Corporation

Tenet Healthcare Corporation
NYSE: THC
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 NEWS FROM THE WIRES
Tenet CEO receives a $3.36 million bonus
Aug 21 2001 11:47 AM PDT

RESEARCH ALERT-Lehman ups targets on healthcare companies
Aug 02 2001 08:57 AM PDT

RESEARCH ALERT-Salomon raises Tenet rating to buy
Jul 12 2001 09:00 AM PDT

More WIRE STORIES about this company

 PROFILE
Tenet Healthcare Corporation is one of the largest hospital chains in the US. The company owns or operates about 110 hospitals in 17 states, as well as one in Barcelona, Spain. In addition, subsidiaries own or operate clinics, HMOs, a PPO, home health care programs, a managed care insurance company, outpatient surgery centers, and rehabilitation and specialty hospitals. In response to decreased Medicare funding (more than 30% of Tenet's revenues), the company is closing its medical practice management business and is divesting facilities to cut costs. Tenet has formed a joint venture with Ventro to sell medical supplies to health care providers on the Internet.

 COMPETITION
Ascension Health (dossier)
HCA, Inc. (HCA)
Kaiser Foundation Health Plan, Inc. (dossier)

 DEALS
Deal: PlanetRx.com Closes $50 Million Round
Date Announced: 06.07.99
Value of transaction (US $Mil): 50
Description: Online health care information center raises $50 million in equity funding.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: May
2001 Sales (mil.): 12,053.00
1-Yr. Sales Growth: 5.6%
Employees: 106,842
Revenue per employee: $112,811.44

 KEY PEOPLE
• Jeffrey C. Barbakow
    CEO
• David L. Dennis
    CFO

 CONTACT INFO
3820 State St.
Santa Barbara, CA 93105
US
Phone: 805-563-7000
Fax: 805-563-7070
Online: Web Site

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