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Tenet Healthcare reported strong Q3 2024 results, with net sales of $5.1 billion and adjusted EBITDA of $978 million, reflecting a 15% year-on-year growth. The company raised its full-year adjusted EBITDA guidance to between $3.9 billion and $4 billion, despite lower revenue forecasts due to hospital divestments. Tenet's strategic focus on capital deployment and share buybacks, alongside a projected free cash flow of up to $1.225 billion, positions it for continued growth in the healthcare sector.
Tenet Healthcare reported strong Q3 2024 results, with net operating revenues of $5.1 billion and adjusted EBITDA of $978 million, reflecting 15% year-over-year growth. The company raised its full-year adjusted EBITDA forecast to between $3.9 billion and $4 billion, despite lower revenue expectations due to hospital divestitures. Tenet remains focused on strategic investments and operational efficiencies, anticipating robust demand in 2025, particularly in its Hospital segment.
Tenet Healthcare reported a strong third quarter, with net profit rising to $472 million and revenue reaching $5.12 billion, up 1.2% year-over-year. The company continues to reshape its portfolio, selling 14 hospitals for nearly $4.8 billion, while focusing on high-acuity services and expanding its ambulatory business. Adjusted EBITDA increased 14.5% to $978 million, prompting an uplift in the 2024 financial outlook.
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tenet healthcare reports strong q3 growth and raises full year guidance
20:12 30.10.2024
tenet healthcare reports strong q3 growth and raises full year forecasts
20:12 30.10.2024
tenet healthcare reports strong q3 growth and boosts 2024 financial outlook
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22:00 29.10.2024
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