-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QyweGdNNuHdiD+dx/0YuYU/hkxBNckVXTFTQ8p+a6lQH3jjuxG1AeWtva7tw2WrL vKx45VCAyxs6UIpp3NnKSg== 0001104659-07-065810.txt : 20070829 0001104659-07-065810.hdr.sgml : 20070829 20070829120117 ACCESSION NUMBER: 0001104659-07-065810 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070829 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070829 DATE AS OF CHANGE: 20070829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TENET HEALTHCARE CORP CENTRAL INDEX KEY: 0000070318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 952557091 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07293 FILM NUMBER: 071086129 BUSINESS ADDRESS: STREET 1: 13737 NOEL ROAD CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 469-893-2200 MAIL ADDRESS: STREET 1: 13737 NOEL ROAD CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL MEDICAL ENTERPRISES INC /NV/ DATE OF NAME CHANGE: 19920703 8-K 1 a07-22918_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934


Date of Report:  August 29, 2007

(Date of earliest event reported)


TENET HEALTHCARE CORPORATION

(Exact name of Registrant as specified in its charter)

Nevada

 

1-7293

 

95-2557091

(State of Incorporation)

 

(Commission File Number)

 

(IRS Employer

 

 

 

 

Identification Number)

 

13737 Noel Road

Dallas, Texas 75240

(Address of principal executive offices, including zip code)

(469) 893-2200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




Item 8.01                     Other Events

On August 29, 2007, Tenet Healthcare Corporation (the “Company”) issued a press release in response to inquiries it has received about a Credit Suisse analyst report issued Tuesday that expressed concern about the resources the Company has available to fund its operations beyond the next three years.

In responding to the analyst’s comments on its financial viability, the Company noted that it had $675 million in cash at June 30, 2007 and had no outstanding borrowings on its line of credit which, under its terms, had $500 million in availability as of June 30, 2007.  In addition, it has no long term debt maturing until December 2011.

A copy of the press release is being furnished as Exhibit 99.1 to this report on Form 8-K but shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01(d) Exhibits

The following document is furnished as an exhibit to this report:

99.1         Press Release issued on August 29, 2007

2




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TENET HEALTHCARE CORPORATION

 

 

 

 

 

By:

/s/ Biggs C. Porter

 

 

 

Biggs C. Porter

 

 

Chief Financial Officer

 

 

 

Date:  August 29, 2007

 

 

3




EXHIBIT INDEX

99.1         Press Release issued on August 29, 2007

4



EX-99.1 2 a07-22918_1ex99d1.htm EX-99.1

Exhibit 99.1

newsrelease

 

 

 

 

 

 

Headquarters Office

 

 

13737 Noel Road, Ste. 100

 

 

Dallas, TX 75240

 

 

tel: 469.893.2000

 

 

fax: 469.893.8600

 

 

www.tenethealth.com

 

Contacts:

 

Media:

Steven Campanini (469) 893-6321

 

 

Steven.Campanini@tenethealth.com

 

 

Investors:

Thomas Rice (469) 893-2522

 

 

Thomas.Rice@tenethealth.com

 

 

Tenet Comments on Credit Suisse Analyst Report

DALLAS – Aug. 29, 2007 – Tenet Healthcare Corporation (NYSE: THC) today issued the following statement in response to inquiries it has received about a Credit Suisse analyst report issued Tuesday that expressed concern about the resources Tenet has available to fund its operations beyond the next three years.

“We believe we have the financial resources to execute our turnaround,” said Biggs C. Porter, Tenet’s chief financial officer.  “Also, in addition to our cash on hand and bank credit line, we would have the ability – although it is not anticipated – to tap the credit markets using our asset base.”

Tenet had $675 million in cash at June 30, 2007 and had no outstanding borrowings on its line of credit which, under its terms, had $500 million in availability as of June 30, 2007.  In addition, Tenet has no long-term debt maturing until December 2011.

“We are surprised by the analyst’s conclusions and were not given the opportunity to discuss them with him before the report was published,” Porter added.

Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related health care services.  Tenet’s hospitals aim to provide the best possible care to every patient who comes through their doors, with a clear focus on quality and service.  Tenet can be found on the World Wide Web at www.tenethealth.com.

# # #

Some of the statements in this release may constitute forward-looking statements.  Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2006, our quarterly reports on Form 10-Q and periodic reports on Form 8-K.  Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated.  We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.



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