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Tenet Healthcare

OverviewSuggest Edit

Tenet Healthcare Corporation is a diversified healthcare services company. It operates a variety of healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care centers, imaging centers, and other care sites and clinics. Tenet Healthcare's general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories and pharmacies, and more.

TypePublic
Founded1969
HQDallas, TX, USMap
Websitetenethealth.com
Employee Ratings3More
Overall CultureC+More
View Jobs (5,930)

Locations

Tenet Healthcare is headquartered in
Dallas, United States

Location Map
All Locations (1)

Latest Updates

Employees (est.) (Dec 2020)110,000(-3%)
Job Openings5,930
Revenue (FY, 2020)$17.6 B(-4%)
Share Price (May 2021)$66.8(+8%)
Cybersecurity ratingBMore

Key People/Management at Tenet Healthcare

Ronald A. Rittenmeyer

Ronald A. Rittenmeyer

Executive Chairman and CEO
Daniel Cancelmi

Daniel Cancelmi

Executive Vice President & Chief Financial Officer
Marie Quintana

Marie Quintana

Executive Vice President of Communications & Chief Marketing Officer
Howard Hacker

Howard Hacker

Executive Vice President & Chief Compliance Officer
Ernest Franklin

Ernest Franklin

Chief Medical Operations Officer
Theresa Horne

Theresa Horne

Chief Nursing Officer
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Tenet Healthcare Office Locations

Tenet Healthcare has an office in Dallas
Dallas, TX, US (HQ)
14201 Dallas Parkway
Show all (1)

Tenet Healthcare Financials and Metrics

Tenet Healthcare Revenue

Tenet Healthcare's revenue was reported to be $17.64 b in FY, 2020 which is a 4.5% decrease from the previous period.
USD

Revenue (Q1, 2021)

4.8b

Net income (Q1, 2021)

222.0m

EBIT (Q1, 2021)

520.0m

Market capitalization (7-May-2021)

7.1b

Closing stock price (7-May-2021)

66.8

Cash (31-Mar-2021)

2.1b

EV

20.2b
Tenet Healthcare's current market capitalization is $7.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

18.3b18.5b17.6b

Revenue growth, %

1%(5%)

Sales and marketing expense

3.0b3.1b3.0b

General and administrative expense

8.6b8.7b8.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.7b4.5b4.5b4.5b4.6b4.6b4.5b3.6b4.6b4.8b

Sales and marketing expense

774.0m748.0m726.0m741.0m753.0m760.0m763.0m611.0m784.0m

General and administrative expense

2.2b2.1b2.1b2.2b2.1b2.2b2.2b1.9b2.1b

Operating expense total

4.3b4.1b4.2b4.2b3.5b4.2b4.2b3.7b4.2b1.1b
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

411.0m262.0m2.4b

Accounts Receivable

2.6b2.7b2.7b

Inventories

305.0m310.0m368.0m

Current Assets

4.6b5.1b7.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

974.0m403.0m500.0m252.0m249.0m314.0m613.0m3.5b3.3b2.1b

Accounts Receivable

2.5b2.5b2.5b2.7b2.7b2.8b2.7b2.4b2.5b2.7b

Inventories

294.0m298.0m307.0m308.0m309.0m311.0m324.0m337.0m349.0m368.0m

Current Assets

5.6b4.7b4.5b4.6b4.7b4.8b5.4b7.9b7.8b6.7b
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

466.0m154.0m768.0m

Depreciation and Amortization

802.0m850.0m857.0m

Inventories

17.0m(94.0m)(145.0m)

Accounts Payable

(152.0m)36.0m1.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

191.0m299.0m364.0m65.0m177.0m25.0m159.0m328.0m222.0m222.0m

Depreciation and Amortization

204.0m398.0m602.0m208.0m422.0m627.0m244.0m409.0m624.0m224.0m

Inventories

(41.0m)144.0m73.0m(115.0m)(64.0m)(98.0m)23.0m44.0m30.0m

Accounts Payable

(183.0m)(371.0m)(194.0m)(109.0m)(217.0m)(37.0m)(144.0m)1.2b1.5b(87.0m)
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USDQ1, 2018

EV/EBIT

31.7 x

EV/CFO

145 x

Debt/Equity

24.2 x

Debt/Assets

0.6 x

Financial Leverage

37.6 x

P/E Ratio

25.3
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Tenet Healthcare Operating Metrics

FY, 2018FY, 2019FY, 2020

Hospitals

686565

Outpatient Centers

165159157

Licensed Beds

17.94 k17.21 k17.18 k

Licensed Beds (Alabama)

1.74 k1.74 k1.74 k
Show all operating metrics

Tenet Healthcare Acquisitions / Subsidiaries

Company NameDateDeal Size
United Surgical Partners InternationalApril 26, 2018
European Surgical Partners Ltd.June 16, 2015$226 m
Aspen HealthcareMarch 23, 2015
Emanuel Medical CenterAugust 01, 2014
Texas Regional Medical in SunnyvaleJune 03, 2014
Vanguard Health SystemsJune 24, 2013
Coastal Carolina Medical CenterJuly 01, 2007$35 m
USC/Norris Cancer HospitalDecember 16, 2003
OrNda HealthcorpJanuary 31, 1997
1 Subsidiaries of this entity, in which Tenet Healthcare Corporation directly and indirectly held a 95% ownership interest at December 31, 2020, are set forth in the table below.
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Tenet Healthcare Revenue Breakdown

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Tenet Healthcare revenue breakdown by business segment: 81.4% from Hospital Operations and other, 11.4% from Ambulatory Care and 7.2% from Conifer

Tenet Healthcare Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Tenet Healthcare Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Tenet Healthcare Online and Social Media Presence

Tenet Healthcare's Trends

Embed Graph

Tenet Healthcare Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    D+

    61/100

  • Compensation

    B

    71/100

  • Diversity

    C+

    67/100

Learn more on Comparably

 Tenet Healthcare Frequently Asked Questions

  • When was Tenet Healthcare founded?

    Tenet Healthcare was founded in 1969.

  • Who are Tenet Healthcare key executives?

    Tenet Healthcare's key executives are Ronald A. Rittenmeyer, Daniel Cancelmi and Marie Quintana.

  • How many employees does Tenet Healthcare have?

    Tenet Healthcare has 110,000 employees.

  • What is Tenet Healthcare revenue?

    Latest Tenet Healthcare annual revenue is $17.6 b.

  • What is Tenet Healthcare revenue per employee?

    Latest Tenet Healthcare revenue per employee is $160.4 k.

  • Who are Tenet Healthcare competitors?

    Competitors of Tenet Healthcare include Mednax, McKesson Europe and Envision Healthcare.

  • Where is Tenet Healthcare headquarters?

    Tenet Healthcare headquarters is located at 14201 Dallas Parkway, Dallas.

  • Where are Tenet Healthcare offices?

    Tenet Healthcare has an office in Dallas.

  • How many offices does Tenet Healthcare have?

    Tenet Healthcare has 1 office.