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Company Profiles

Tenet Healthcare Sidebar:
By the Numbers

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Trevor Fetter

Courtesy Tenet



CEO Trevor Fetter, with a new management team in place, assembled a task force of experts from within Tenet in five key areas: clinical quality, service, people, cost management and financial growth. Under their leadership, Tenet has posted the following numbers:

  • 67 fewer hospitals Under Fetter, Tenet sold off lower-performing facilities. It now operates 49 hospitals in 11 states — down from 116 hospitals at the end of 2002 — and 57 outpatient clinics.
  • 2/3 of insurance company incentive money earned for quality In 2008 Tenet hospitals earned more than two-thirds of the incentive money that Anthem Blue Cross of California paid out for meeting quality criteria in that state.
  • 6.5% increase in EBITDA margin in five years In 2009, Tenet grew adjusted EBITDA by 32.9 percent to 
$982 million — more than twice what the company generated in 2004, when it had 40 percent more hospitals than it does today.
  • 3.7 net leverage ratio Tenet’s net leverage ratio — essentially, the debt it has in relation to its annual cash flow — declined to 3.7 from 5.8 during 2009.
  • 36% increase in corporate governance quotient Tenet has a CGQ® in the 99th and 100th percentiles, according to RiskMetrics Group Inc. (RISK), meaning its governance practices are nearly at the top of the S&P 500 and at the very top of the health-care equipment and services industry.
  • 14,426 active physicians 
Tenet had 14,426 active physicians referring patients at the end of December 2009 — 24 percent more than at the beginning of 2007.
    • Source: Tenet Healthcare