Tenet Healthcare Corp. ( (THC) ) has released its Q4 earnings. Here is a breakdown of the information Tenet Healthcare Corp. presented to its investors.
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Tenet Healthcare Corporation is a diversified healthcare services company based in Dallas, Texas, known for its extensive network of hospitals and ambulatory surgery centers, as well as its revenue cycle management services through its subsidiary Conifer Health Solutions.
Tenet Healthcare Corp. reported strong financial results for the fourth quarter and fiscal year 2024, with significant growth in net income and adjusted EBITDA, despite a slight decline in net operating revenues due to hospital divestitures.
Key highlights from the earnings report include a net income available to common shareholders of $318 million for Q4 2024, which marks an increase from the previous year. The company also achieved an adjusted EBITDA of $1.048 billion in the fourth quarter, driven by increased revenue from ambulatory centers and favorable payer mixes. For the full year, net income soared to $3.2 billion, primarily due to gains from hospital divestitures. Additionally, Tenet successfully reduced its net debt to adjusted EBITDA ratio from 3.89x in 2023 to 2.54x in 2024.
Looking ahead, Tenet has provided a positive financial outlook for 2025, expecting adjusted EBITDA to range between $3.975 billion and $4.175 billion. The company remains focused on enhancing operational efficiency and expanding its ambulatory care segment, which is anticipated to drive future growth.
Overall, Tenet Healthcare is well-positioned to continue its momentum into 2025, leveraging its strategic initiatives and robust demand for healthcare services to meet its financial targets and further strengthen its market position.
