Tenet Healthcare: US Hospital Operator Benefits from High-Margin USPI Business

Tenet Healthcare is a diversified US healthcare provider that operates around 50 acute care hospitals as well as more than 530 outpatient facilities and surgical centers. While surgical case volumes in Q2 decreased by 1.2% in the high-margin outpatient sector, revenue per case increased by 6.3%. Analysts point to a strong performance in adjusted EBITDA with price targets of up to $308, while competitors are lowering their forecasts.   The stock of Tenet Healthcare Corp. (THC) has gained about 64% over the last 12 months, recently...