Tenet Forecasts Growth for 2011

FOXBusiness

Tenet Healthcare (NYSE:THC) announced on Tuesday that it will likely see higher earnings in the coming year as patient volume increases.

The hospital operator said that 2011 will see patient volume trends moving in the right direction. The company’s shares were up by almost 1% on Tuesday afternoon.

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Tenet CEO Trevor Fetter said that better pricing in its managed care unit will also boost revenue as the economy continues to improve.

Community Health made an unsolicited bid for Tenet in December for $3.3 billion. In response, Tenet said it has adopted a shareholder rights plan and will hold its annual meeting on November 3 of 2011.

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