November 6, 2007
Tenet Healthcare Corp., the second-biggest U.S. hospital operator, reached wage agreements with the Service Employees International Union on contracts in California, Florida and with the national organization. The terms for separate contracts cover 5,700 SEIU union members at 14 hospitals in California and 2,300 at three institutions in Florida, the Dallas-based company said. The California contracts expire March 11, 2011, and those in Florida expire on different dates in 2010.
May 24, 1995 |
Tenet May Sell Asian Operations: The Santa Monica-based hospital chain said it is in talks with Parkway Holdings, a Singapore-based conglomerate. Tenet Healthcare Corp., formerly known as National Medical Enterprises, would not discuss the potential price. Tenet's Asian holdings include two hospitals in Singapore, along with a 40% stake in a 554-bed hospital under construction in Bangkok, Thailand, and a 30% share of a 375-bed hospital in Malaysia. Tenet shares rose 25 cents to $16.
September 29, 2006
* Microsoft Corp. said its new Zune music player will cost about the same as an iPod. The company will charge $249.99 for the device, signaling that it isn't planning to spark a major price war to gain market share. * Tenet Healthcare Corp. agreed to provide employee training and submit to ethics monitoring required by its June settlement of claims that it defrauded the U.S. government. The agreement allows Dallas-based Tenet to continue participating in federal programs that pay for
October 25, 2005 |
Tenet Healthcare Corp. said Monday that it would spend hundreds of millions of dollars to build a new healthcare system in New Orleans. "We were a major healthcare provider here before the hurricane. We still are after the hurricane," Chief Operating Officer Reynold J. Jennings said from New Orleans, referring to Hurricane Katrina, which slammed into the Gulf Coast on Aug. 29. Tenet had been the largest private hospital company in the region.
April 1, 2000 |
Tenet Healthcare Corp., the second-biggest U.S. hospital chain, said its fiscal third-quarter profit rose 23% on lower labor costs and rising patient admissions. Profit from operations rose to $152 million, or 48 cents, in the quarter ended Feb. 29, up from $124 million, or 40 cents, a year earlier. Revenue rose slightly to $2.85 billion from $2.82 billion. Analysts were expecting earnings of 47 cents on average, according to First Call/Thomson Financial.
March 9, 2005 |
Tenet Healthcare Corp., the second-largest U.S. hospital chain and the biggest in California, said its fourth-quarter loss widened to $2.02 billion on costs including a write-down in the value of hospitals in two regions. The loss amounted to $4.33 a share, compared with a loss of $954 million, or $2.05, a year earlier, Dallas-based Tenet said. Revenue fell 2% to $2.41 billion. Tenet had $1.