Professional
Added to YB: 2024-08-21
Pitch date: 2024-06-30
THC [bullish]
Tenet Healthcare Corporation
+70.11%
current return
Author Info
No bio for this author
Company Info
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States.
Market Cap
$20.6B
Pitch Price
$134.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.80
P/E
15.12
EV/Sales
1.67
Sector
Health Care Providers and Services
Category
growth
Baron Health Care Fund New Position: Tenet Healthcare Corporation
THC: Leading healthcare provider, focusing on USPI's 600+ ASCs. Strong ASC margins due to negotiating power. Divesting hospitals to focus on $90B outpatient market with secular tailwinds. 50% cost savings vs hospitals. $60B more procedures shifting outpatient. Mid-single-digit growth expected. Hospital sales at good multiples, debt reduction. Multiple expansion potential as ASC grows.
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