Tenet Healthcare Corporation (NYSE:THC) is one of the Cheap New York Stock Exchange Stocks to Buy According to Analysts. On April 30, Tenet Healthcare Corporation reported a strong first quarter of 2026, with net income available to common shareholders reaching $702 million, or $8.01 per diluted share, a significant increase from $406 million in the prior-year period. Adjusted diluted EPS grew 10.6% to $4.82, while consolidated adjusted EBITDA was flat at $1,162 million, supported by disciplined expense management and strong revenue growth in its hospital and outpatient segments.
The company’s ambulatory care segment, operated under United Surgical Partners International, saw net operating income increase 10.6% to $1.32 billion, and the segment’s adjusted EBITDA increased 6.1% to $484 million. This performance was supported by acquisitions and 5.3% growth in systemwide net patient services revenue at the same facilities, driven by a favorable service mix and higher acuity procedures.
Tenet Healthcare Corporation (NYSE:THC) strengthened its financial position through significant cash flow generation, with net cash provided by operating activities totaling $1,641 million. During the quarter, the company repurchased 1.35 million shares of common stock for $318 million and completed a significant contract restructuring with CommonSpirit Health. Tenet also reaffirmed its full-year 2026 adjusted EBITDA outlook of between $4.485 billion and $4.785 billion, continuing its organic and inorganic growth strategy.
Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare services company. Headquartered in Texas, the company operates through the Hospital Operations and Ambulatory Care segments.
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