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Tenet reports strongest 1Q operating earnings in seven years
Modern Healthcare

Tenet Healthcare Corp., Dallas, reported its best operating margin in any quarter in seven years and its best first-quarter operating earnings in that period, as cost control and higher pricing and acuity offset lower volume. Tenet recorded net income of $88 million for the quarter, compared with $178 million in 2009’s first quarter. The year-ago quarter, however, included a $134 million pre-tax gain from the early repayment of debt. Revenue increased 3.4%, to $2.34 billion.