Tenet Healthcare Corp.’s
(THC) fourth-quarter loss narrowed as the hospital
operator saw improved results amid higher prices.
The company also projected a 2009 loss bigger than expectations,
, according to
Thomson Reuters. Revenue is seen rising to
$9 billion to $9.2 billion
, in line
with estimates, with admissions growth of as much as 1%. Last year’s admissions
increase was 1.2%.
Tenet, which has been struggling to gain its footing after Read the rest of this entry »

Since announcing our intention not to renew the lease for Community Hospital of Los Gatos, we have diligently worked with the hospital owner, HCP, as it sought a new facility operator. Once informed that HCP had selected El Camino Hospital to fill this role, we engaged in negotiations with the hope of transitioning a fully functional and operating hospital to ECH.
Unfortunately, we were unable to reach an agreement with ECH. After being informed Read the rest of this entry »

posted earnings of $104 million, or 22 cents a share, for the third quarter. That is up from a net loss of $59 million, or 12 cents a share, during the same quarter last year.
Dallas-based Tenet (NYSE: THC) attributes its third quarter income rise to pretax gains on investment sales, valued at $140 million.
During the quarter, the hospital operator experienced 1.7 percent growth in same-hospital total admissions, 2 percent growth in same-hospital Read the rest of this entry »

Tenet Healthcare Corporation (NYSE: THC) today announced that a company
subsidiary plans to close Irvine Regional Hospital and Medical Center,
including its emergency room, on Jan. 15, 2009. As required by state
law, the Tenet subsidiary is providing 90 days notice to local and state
authorities.
The building is owned by HCP, a real estate investment trust located in
Long Beach, Calif. Tenet had previously announced its intention to allow
its lease Read the rest of this entry »

Airbus, the world’s largest maker of commercial aircraft, received 79% fewer orders in September compared with a year earlier amid a slowdown in demand from airlines.
Customers signed contracts last month for 29 planes, compared with 141 orders a year earlier. Orders from Jan. 1 to Sept. 30 fell 13% to 737 aircraft, Toulouse, France-based Airbus said.
Airbus has a full-year order target of 850 aircraft. Chief Executive Tom Enders said July 12 Read the rest of this entry »

effective Jan. 15.
Tenet added that it will work with hospital employees to find them positions at other Tenet-owned or operated hospitals.
To comply with state law Dallas-based Tenet (NYSE: THC) is providing local authorities with a 90-day notice of the layoffs.
The building housing the hospital is owned by Long Beach-based real estate investment trust HCP. Tenet had previously said it planned to let its lease at the hospital expire in February Read the rest of this entry »

Akron, OH
Albuquerque, NM
Anaheim, CA
Anchorage, AK
Arlington, TX
Atlanta, GA
Aurora, CO
Austin, TX
Bakersfield, CA
Baltimore, MD
Baton Rouge, LA
Birmingham, AL
Boston, MA
Buffalo, NY
Chandler, AZ
Charlotte, NC
Chesapeake, VA
Chicago, IL
Chula Vista, CA
Cincinnati, OH
Cleveland, OH
Colorado Springs, CO
Columbus, OH
Corpus Christi, TX
Dallas, TX
Denver, CO
Detroit, MI
Durham, NC
El Paso, TX
Read the rest of this entry »

NEW YORK (MarketWatch) — Tenet Healthcare Corp.
,
,
said Tuesday it has signed an agreement to sell USC University Hospital and its Kenneth Norris Jr. Cancer Hospital to the University of Southern California $275 million cash. The Dallas-based health-care company said $30 million of the sale price will be deferred and placed in an escrow account for up to four years. Tenet’s subsidiaries will retain substantially all of the hospitals’ working Read the rest of this entry »

and Medical Center in Irvine, Calif., effective Jan. 15.
Tenet added that it will work with hospital employees to find them positions at other Tenet-owned or operated hospitals.
To comply with state law Dallas-based Tenet (NYSE: THC) is providing local authorities with a 90-day notice of the layoffs.
The building housing the hospital is owned by Long Beach, Calif.-based real estate investment trust HCP. Tenant had previously said it planned Read the rest of this entry »

Shares of Tenet Healthcare Corp. edged higher Wednesday after the hospital operator said it will close a hospital in Irvine, Calif., in early 2009.
After the markets closed on Tuesday, the company announced plans to close Irvine Regional Hospital and Medical Center on Jan. 15, 2009. Tenet is letting its lease on the property expire and was told by owner HCP Inc. that the new lessee does not want an operating hospital on the property.
Tenet said Read the rest of this entry »