Tenet swung to loss in fiscal 4th quarter, hurt by Medicare cuts
Article Abstract:
Tenet Healthcare Corp. posted a $137 million (128.9 million euros) net loss for the fourth-quarter of 1998. The company was hurt by cuts in US Medicare payments which were higher-than-expected. Tenet also suffered from problems in billings and managed-care firms. The company posted $363 million in pretax charges for asset writedowns and reductions in overhead. The net loss was for the period ending on May 31, 1999.
Comment:
Posts $137 million (128.9 million euros) net loss for fourth-quarter of 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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MedPartners posts a wider net loss for second-quarter
Article Abstract:
MedPartners Inc. posted a $187.6 million (174.5 million euros) net loss for the second-quarter of 1999. The company blamed the wider loss on higher-than-expected costs to leave its physician practice management business. During the same period in 1998, MedPartners posted a $23.3 million net loss. The net loss for the 1999 quarter was equal to 96 cents per diluted share.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Tenet's profit rises, auguring well for hospital chains
Article Abstract:
Tenet Healthcare Corp. posted higher-than-expected profits for the third-quarter ending February 28, 2001. The company posted $198 million (220.1 million euros) in net income for the period, compared to $38 million during the same period the year before.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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