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Tenet’s Q1 profits fall 17 percent
Los Angeles Business Journal

Tenet Healthcare Corp. saw a 17 percent drop in first-quarter profits on Tuesday as a 1 percent gain in admissions could not offset increases from income taxes. In the quarter, the parent company of Lakewood Regional Medical Center and other Southern California hospitals, earned $73 million, or 14 cents a share, in the quarter, down from earnings of $88 million, or 17 cents a share, in the first quarter a year ago. Quarterly revenues were up 7 percent to $2.5 billion.