Tenet Healthcare Corporation Provides Earnings Guidance for the Third Quarter and Full Year of 2022
July 21, 2022 at 04:08 pm EDT
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Tenet Healthcare Corporation provided earnings guidance for the third quarter and full year of 2022. For the quarter, the company expects net operating revenues to be between $4,700 million and $4,900 million, income from continuing operations available to Tenet common stockholders to be between $100 million and $135 million and diluted income per common share from continuing operations to be between $0.91 and $1.23.
For the year, the company expects net operating revenues to be between $19,000 million and $19,400 million, income from continuing operations available to Tenet common stockholders to be between $371 million and $546 million and diluted income per common share from continuing operations to be between $3.35 and $4.91.
Tenet Healthcare Corporation is a diversified healthcare services company. The Companyâs care delivery network includes USPI Holding Company, Inc. (USPI), which operates or has ownership interests in ambulatory surgery centers and surgical hospitals. The Company also operates acute care and specialty hospitals, as well as other outpatient facilities, including surgical hospitals, and ambulatory surgery centers (ASC), among others. The Company operates through two segments: Hospital Operations and Services, and Ambulatory Care. The Hospital Operations and Services segment, which is comprised of acute care and specialty hospitals, a network of employed physicians and ancillary outpatient facilities, as well as the revenue cycle management and value-based care services that the Company provide to hospitals, health systems, physician practices, employers, and other clients. The Ambulatory Care segment, which is comprised of USPIâs ASCs and surgical hospitals.