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NEW YORK-- A Raymond James analyst lowered his third-quarter estimates for three hospital operators on Tuesday, saying it looks like patient admissions will be lower than he expected.
DALLAS-- Tenet Healthcare Corp. said Tuesday that it completed its private offering of $500 million of its 4.75 percent senior secured notes due 2020 and $300 million of its 6.75 percent senior notes due 2020.. The Dallas- based hospital operator plans to use the proceeds to buy its 7.375 percent senior notes due 2013 through a tender offer.
Oct 11- Tenet Healthcare Corp:. *Barclays starts Tenet Healthcare Corp with equal weight rating. Reuters Station users, click. 1568.
Oct 9- Standard& Poor's Ratings Services today corrected an error by reinstating its' B+' issue-level rating and' 2' recovery rating on Tenet Healthcare Corp.' s. --2008 Corporate Criteria: Analytical Methodology, April 15, 2008. --2008 Corporate Criteria: Rating Each Issue, April 15, 2008.
In all, US $9.266 bn in US dollar volume priced from 18 issuers, with another roughly US $1 bn in volume anticipated for Friday. This week, Tenet Healthcare was able to achieve a record low yield- 6.75%- in seven-year maturities for its Triple C rated tranche, part of a US $800 m two-part offering, while Petco popped in on Thursday with a PIK toggle dividend offering.
The S&P 500 rose for a fourth session after a report suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. The Nasdaq Composite Index gained 6.10 points, or 0.19 percent, to 3,141.40. **COLLABRX INC, $6.80, up 79.4 pct.
Oct 4- Shares of U.S. hospital operators fell after Republican nominee Mitt Romney's strong showing in Wednesday's U.S. presidential debate raised doubts about the future of President Obama' s healthcare reform. Hospital operators Tenet Healthcare Corp, HCA Holdings Inc, Healthsouth Corp and HCP Inc.
Oct 2- Fitch Ratings has assigned the following ratings for Tenet Healthcare Corp.' s. The ratings apply to approximately $4.9 billion of debt at June 30, 2012.
--U.S.-based Tenet Healthcare Corp. is proposing to issue $500 million senior secured notes due 2020 and $300 million of unsecured notes due 2020. The company will use the proceeds to repay existing debt and for other purposes including acquisitions.
Oct 1- Tenet Healthcare Corp unveiled plans to accelerate growth through acquisitions and moved to boost shareholder value with buybacks and a reverse stock split. Shares of the hospital operator rose as much as 8 percent to $6.74 in early trading on the New York Stock Exchange on Monday.
DALLAS-- Hospital operator Tenet Healthcare Corp. plans acquisitions, a new share repurchase program and a 4- to-1 reverse stock split to help speed up growth and improve the value of its stock for shareholders.