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ABOUT Tenet Healthcare Corporation (NYSE:THC):

Tenet was incorporated in 1967 and situated in Dallas, Texas. The company is basically offers Healthcare Services through the operation of acute care hospitals and related healthcare facilities. All its business is operated through its subsidiaries and affiliates. Tenet’s business is based on inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment. In December 31st, 2010 the company’s subsidiaries operated 49 general hospitals and a critical access hospital with a total of 13,428 licensed beds which are serving urban and suburban communities in 11 States of United States.

Financials:

Tenet Healthcare Corporation (NYSE:THC) generated the total revenue of $2.37 billion for the quarter ended June 30th, 2011 as compared to revenue of $2.30 billion for the same period last year. The company reported the net profit of $61 million or earnings of $0.09 per share for the respective quarter as compared to net income of $31 million or earnings of $0.07 per share last year.

The company’s total assets accumulate up to $8.43 billion out of which fixed assets have the highest proportion. The company maintains a strong short term liquidity position as per its current ratio of 1.39 times.

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Don