{"id":354286,"date":"2010-02-23T13:29:58","date_gmt":"2010-02-23T18:29:58","guid":{"rendered":"http:\/\/www.businessinsider.com\/tenet-healthcare-plummets-as-it-misses-street-expectations-2010-2"},"modified":"2010-02-23T13:29:58","modified_gmt":"2010-02-23T18:29:58","slug":"tenet-healthcare-plummets-after-missing-expectations-thc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/354286","title":{"rendered":"Tenet Healthcare Plummets After Missing Expectations (THC)"},"content":{"rendered":"

Tenet Healthcare Corporation (THC), a hospital operator<\/a>, is not having a good day.<\/p>\n

Shares of the company are down over 10% to $4.98 a share. The sell off comes amid today’s bear rally and lower-than-expected Q4 earnings. Tenet also said its 2010 outlook will be disappointing, adding fuel to the fire.
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Reuters<\/a>:  Total admissions fell 0.9 percent for Tenet hospitals operating at least a year. But admissions from government payors increased 0.8 percent and admissions for patients covered by Medicaid increased 3.7 percent.<\/p>\n

The number of admissions and outpatient visits of commercially insured patients — a more lucrative source of revenue — fell 5.3 percent and 3.9 percent, respectively.<\/p>\n

Still, Tenet is at least turning itself around. It posted a fourth-quarter loss of $33 million a year earlier and has now turned a profit of $21 million. Revenue rose 4% to $2.26 billion.<\/p>\n

\"THC<\/p>\n

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