Tenet Healthcare Corporation: Initiation Of Coverage – Its Focus on Higher Acuity Services in Hospitals & Other Core Strategies! 

Tenet Healthcare’s Q4 2023 earnings indicated a strong performance, with net operating revenues of $20.5 billion, and consolidated adjusted EBITDA of $3.54 billion, which translates into an attractive 17.2% adjusted EBITDA margin. The company has demonstrated its ability to maintain profitability while focusing on quality and innovation. Yet, some challenges were also mentioned during the earnings call. The company has changed its segment reporting by combining Conifer and the Hospital Operations into one reportable operating segment. Despite this change, Tenet expects to continue to support and expand relationships with existing clients and generate new business.