Seeking Alpha

Tenet boosted to Buy at Goldman

  • "Our estimates assume a strong inpatient and outpatient revenue growth driven by pricing and admissions," says analyst Brian Zimmerman. He also expects significant growth in the Conifer business driven by contract wins.
  • "Longer term, we expect the VHS acquisition to be a strategic positive for the company, as it expands THC’s presence in new markets and provides opportunities to realize synergies via cost management, use of Conifer’s business solutions and supply chain management."
  • FY2013 EPS estimate is cut a penny to $2.27. 2014 is boosted to $3.84 from $3.20, and 2015 is raised to $5.20 from $3.79.
  • THC +1.8% premarket.
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