Facebook
Fark
Digg
Reddit
StumbleTenet takes restructuring charge
Wednesday, July 28, 1999 | 11:08 a.m.
SANTA BARBARA, Calif. -- Tenet Healthcare Corp., owner of Lake Mead Hospital in North Las Vegas, today reported a fourth-quarter loss of $137 million or 44 cents per share vs. a loss in the year-ago quarter of $141 million or 46 cents per share.
The latest quarter loss resulted from an after-tax charge of $268 million, or 86 cents per share the company took for restructuring and impairments and for anticipated losses on the sale or closure of some hospitals and home health agencies.
Tenet said deeper than expected cuts in Medicare payments hurt its performance.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Photos: J.Lo, Marc Anthony and Jamie King celebrate ‘The Chosen’ at Mandalay
- Two dead after being hit near Las Vegas Outlet Center
- Photos: Ice-T and Coco party at Venus Pool Club and host at LAX
- Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
- Dario Franchitti wins the 96th Indianapolis 500
Everything Under the Sun
Blogs
The Kats Report
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
Michael Gaughan says no to return of 'Vegas Stripped' to South Point; Steve Wynn has enough nightclubs (3 Comments)
Cosmopolitan sizzling over serving as host hotel for Bravo's 'Top Chef Masters'
Suffering from respiratory illness, Elton John spikes three shows at Caesars
Jeff Tracta, Rich Little, Jonathan Clark and a few words about impressionists
Monti Rock III on the mend; Carla Pellegrino's Bacio marks one year at Trop; Barbara Cook postpones shows
For a moment, the circus halts to honor one of its greats (1 Comment)
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect