Tenet Healthcare Corp
(NYSE: THC)
44.11
-1.72
-3.75%
-1.72
-3.75%
MORE ON THC
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Tenet Healthcare Corp |
| Industry: | Medical Care |
| Employees: | 59,164 |
DESCRIPTION
| Tenet Healthcare Corporation, a Nevada corporation was incorporated in 1975. The Company is an investor-owned health care services company whose subsidiaries and affiliates mainly operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Its core business is focused on providing acute care treatment, including inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment. Its subsidiaries operated 49 hospitals, including three academic medical centers and a critical access hospital, with a combined total of 13,216 licensed beds, serving mainly urban and suburban communities in 10 states. Each of its general hospitals offers acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories and pharmacies; in addition, most offer intensive care, critical care and/or coronary care units, physical therapy, and orthopedic, oncology and outpatient services. A number of its hospitals also offer tertiary care services such as open-heart surgery, neonatal intensive care and neuroscience. Two of its hospitals — St. Louis University Hospital and Hahnemann University Hospital — offer quaternary care in areas such as heart, liver, kidney and bone marrow transplants. St. Christopher’s Hospital for Children provides tertiary and quaternary pediatric services, including bone marrow and kidney transplants, as well as burn services. Sierra Medical Center, Good Samaritan Medical Center and North Shore Medical Center offer gamma-knife brain surgery; and Brookwood Medical Center, North Shore Medical Center, Saint Francis Hospital and St. Louis University Hospital offers cyberknife radiation therapy for tumors and lesions nearly anywhere in the body, including in the brain, lung, neck and spine that may have been previously considered inoperable or inaccessible by traditional radiation therapy. In addition, its hospitals will continue their efforts to deliver and develop those outpatient services that can be provided on a quality, cost-effective basis. The Company is facing competition from specialty hospitals (some of which are physician-owned) and unaffiliated freestanding outpatient centers for market share in high margin services and for quality physicians and personnel. Furthermore, some of the hospitals that compete with its hospitals are owned by government agencies or not-for-profit organizations. The Company is subject to a number of laws and regulations affecting its use of, and purchase and sale of, real property. Among these are California’s seismic standards, the Americans with Disabilities Act, and various environmental laws and regulations. |
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