Tenet Announces Positive Q1 Earnings

Tenet Healthcare Corp. has announced its earnings for first quarter 2009, with a net income attributable to shareholders of $178 million, compared to a net loss of $31 million for first quarter 2008, according to a Tenet news release.

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Tenet’s total adjusted EBITDA for first quarter 2009 was $276 million, compared to $215 million for first quarter 2008.

Tenet experienced a 2.6 percent increase in same-hospital total surgeries, a 2.3 percent increase in same-hospital paying outpatient visits, a 1.3 percent decrease in same-hospital total admissions and a 3.2 percent decrease in same-hospital commercial managed care admissions.

Read the release on the Tenet first-quarter earnings (pdf).

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