On Monday, Tenet Healthcare Corp (NYSE:THC)’s shares declined -4.73% to $46.90.
Tenet Healthcare Corporation (THC) stated Adjusted EBITDA of $568 million for the second quarter of 2015, an enhance of $108 million, or 23.5 percent, contrast to $460 million in the second quarter of 2014. The results for the second quarter of 2015 comprised of $16 million of Adjusted EBITDA generated by United Surgical Partners International (USPI) and Aspen Healthcare, which were attained by Tenet on June 16, 2015.
Tenet generated same-hospital growth in admissions and adjusted admissions of 1.7 percent and 2.3 percent, respectively, contrast to the second quarter of 2014. Paying admissions raised 2.1 percent, reflecting growth in the number of newly insured patients. Surgeries performed in our hospital segment raised 1.5 percent and emergency department visits raised 2.4 percent. On a pro forma same-facility system-wide basis, counting the results of USPI and Aspen in both the second quarters of 2015 and 2014, surgical and imaging cases in our Ambulatory Care segment grew by 6.8 percent.
The company continues to benefit from declines in uninsured and charity volumes. In the six states in which we operate that expanded their Medicaid programs, same-hospital uninsured plus charity admissions declined by 639 admissions, or 31.5 percent, and Medicaid admissions raised by 767 admissions, or 2.6 percent. Uninsured plus charity outpatient visits reduced by 8,729 visits, or 15.8 percent, and Medicaid outpatient visits grew by 32,714 visits, or 9.2 percent. The six states are comprised of five states that expanded Medicaid in 2014 (Arizona, California, Illinois, Massachusetts and Michigan) and one state that expanded Medicaid in 2015 (Pennsylvania).
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
BCE Inc. (USA) (NYSE:BCE)’s shares dropped -5.05% to $39.41.
BCE Inc. (BCE) declared that it has sold its 15% equity position in the Globe and Mail Inc. to The Woodbridge Company Limited, the primary investment vehicle for members of the Thomson family of Canada and majority owner of the Globe. Terms of the transaction were not revealed.
George Cope , President and Chief Executive Officer of BCE and Bell Canada stated that they thank Woodbridge for their partnership and support over the years and wish them the very best in taking Canada’s national newspaper forward.
BCE Inc., a telecommunications and media company provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through Bell Wireless, Bell Wireline, and Bell Media segments. The company offers data, local, long distance, and other communications services under the Bell Home Phone brand; direct-to-home satellite TV services under the Bell TV name; Internet protocol (IP) TV services under the Bell Fibe TV brand; and competitive local exchange carrier (CLEC) services.
At the end of Monday’s trade, Navistar International Corp (NYSE:NAV)‘s shares dipped -0.55% to $16.39.
International Truck declared James Wright as the recipient of the Diamond Renewed™ Used Truck Giveaway promoted during this year’s Mid-America Trucking Show. The promotion drove traffic to the International Used Truck booth and raised awareness of Diamond Renewed, the industry’s most comprehensive certified used truck program.
Wright received his 2012 International® ProStar® tractor at the company’s Nashville Used Truck Center. The International ProStar is equipped with a MaxxForce® 13 engine and a 9-speed manual Eaton® Fuller® transmission.
The Diamond Renewed program puts used International trucks through the industry’s most comprehensive inspection and mechanical reconditioning process. Technicians review more than 180 checkpoints and conduct mechanical and aesthetic reconditioning counting cleaning or replacing diesel particulate filters (DPF) and diesel oxidation catalysts (DOC), exhaust gas recirculation (EGR) calibration software updates, checking and repairing brake systems, conducting major body repair, painting the frame rail and more. Vehicles also come standard with the industry leading System1™ confidence warranty, in addition to the OnCommand™ Connection remote diagnostics system, and Repair Advocate.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
TCF Financial Corporation (NYSE:TCB), ended its Monday’s trading session with -5.57% loss, and closed at $14.74.
TCF Financial Corporation (TCB) will host an Investor Day on Monday, August 31, 2015 in New York City with presentations by William Cooper, chairman and chief executive officer, Craig Dahl, vice chairman and president, and other business leaders.
A live audio webcast of the event will be accessible on the Investor Relations section of TCF’s website, http://ir.tcfbank.com, starting at 8:30 a.m. EDT on August 31, 2015 and concluding at about 12:30 p.m. EDT. The Investor Day slide presentation will also be accessible on the website on the day of the event.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services. The company’s Lending segment offers retail lending services, counting consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements.
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