Tenet’s Loss Widens on Litigation Costs
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From the Associated Press
Tenet Healthcare Corp. said its second-quarter loss widened to $398 million because of spending on litigation that has dominated discussion about the nation’s second-largest hospital operator.
The company posted a loss of 85 cents a share, compared with $33 million, or 7 cents a share, a year earlier.
Tenet said the loss included litigation and investigation costs of 98 cents a share.
Revenue was $2.2 billion, in line with what analysts were expecting and up from $2.14 billion a year earlier.
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