Hospital Chain Tenet Posts 4Q Net Loss

Features Reuters

Tenet Healthcare Inc (N) the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday, but raised its earnings forecast for 2012.

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Tenet posted a fourth-quarter net loss of $76 million, or 17 cents per share, due to debt-related and other costs. That compared with net income of $74 million, or 14 cents per share, a year ago.