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Tenet Healthcare lifts annual forecast, bets on rebound in surgical procedures

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Tenet Healthcare Corp on Monday raised its annual core earnings forecast after a strong second quarter, betting on a recovery in surgical procedure volumes and improved contract labor costs as staffing shortage eases.

on Monday raised its annual core earnings forecast after a strong second quarter, betting on a recovery in surgical procedure volumes and improved contract labor costs as staffing shortage eases.

It expects adjusted profit per share in the range of $5.18 to $6.03 in 2023, compared with a prior forecast of $4.92 to $6.09. Tenet is betting on growth in its ambulatory care unit, which deals with patients who are not bedridden and do not require overnight hospitalization.

 

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