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Home > Company Index > Health Products & Services > Hospitals > Tenet Healthcare Corporation
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Tenet Healthcare Corporation |
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NEWS FROM THE WIRES |
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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 |
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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 |
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Ascension Health (dossier)
HCA, Inc. (HCA)
Kaiser Foundation Health Plan, Inc. (dossier)
DEALS |
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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.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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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 |
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Jeffrey C. Barbakow
CEO
David L. Dennis
CFO
CONTACT INFO |
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3820 State St.
Santa Barbara, CA 93105
US
Phone: 805-563-7000
Fax: 805-563-7070
Online: Web Site
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