Tenet Income More Than Triples in 4Q vs. Year-Ago

Dallas-based Tenet Healthcare posted net operating revenues for the three months ended Dec. 31 of $2.3 billion, 1.8 percent more than the same period last year, according to a news release by the company.

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Net income attributable to common shareholders was $74 million in the fourth quarter, a 252 percent increase from the 2009 fourth quarter. Net income attributable to common shareholders was $1.1 billion for 2010, a 508 percent increase from last year.

Net operating revenues for the year ended Dec. 31 were $9.2 billion, an increase of 2.1 percent from last year. Tenet projects net operating revenues of $9.7-9.9 billion for 2011.

Read the report on Tenet Healthcare (pdf).

Read more coverage on hospital valuation:

– Community Health Systems’ Revenues Up 10.1%

– Call Coverage Payments: Trends, Regulations, Statistics and Valuation Considerations

– 5 Ways to Raise a Hospital’s Value Before a Sale

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