Exhibit 99.1



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Tenet Reports Results for the Third Quarter Ended September 30, 2017

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Reported a net loss from continuing operations attributable to Tenet shareholders of $366 million or $3.63 per diluted share. Adjusted diluted loss per share from continuing operations was $0.17.
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Adjusted EBITDA was $507 million including an estimated $30 million impact due to lower revenues and higher expenses related to Hurricanes Harvey and Irma and $10 million of lower-than-anticipated revenues from the Texas Medicaid Waiver and Florida Medicaid programs.
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Same-hospital patient revenue decreased 2.3% and reflects a 2.2% decrease in adjusted admissions and a 0.2% decrease in revenue per adjusted admission. Hospital segment Adjusted EBITDA totaled $269 million.
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Ambulatory Care segment revenue increased 0.9% on a same-facility system-wide basis, with cases decreasing 2.4% and revenue per case increasing 3.4%. Adjusted EBITDA for the Ambulatory segment was $159 million, a 1.3% increase, representing a margin of 34.0%.
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Revenue from Conifer Health Solutions increased 0.8% with revenue from third parties increasing 5.4%. Conifer generated $79 million of Adjusted EBITDA, flat with the third quarter of 2016, representing a margin of 19.7%.
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Net cash provided by operating activities in the nine months of 2017 was $709 million, a $142 million decrease when compared to $851 million in the first nine months of 2016. Free Cash Flow was $217 million in the first nine months of 2017, a $20 million decrease when compared to $237 million in the first nine months of 2016. Adjusted Free Cash Flow was $308 million in the first nine months of 2017, a $60 million decrease when compared to $368 million in the first nine months of 2016.
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2017 Outlook has been lowered to reflect a net loss from continuing operations attributable to Tenet common shareholders of a loss of $372 million to a loss of $367 million, Adjusted EBITDA of $2.375 billion to $2.425 billion, a diluted loss per share from continuing operations of a loss of $3.68 to a loss of $3.63 and Adjusted diluted earnings per share from continuing operations of $0.59 to $0.74.
DALLAS – November 6, 2017 –
Tenet Healthcare Corporation (NYSE: THC) reported a net loss from continuing operations attributable to Tenet shareholders of $366 million in the third quarter of 2017 compared to a $9 million net loss from continuing operations in the third quarter of 2016. Adjusted EBITDA was $507 million in the third quarter of 2017 compared to $582 million in the third quarter of 2016.

“Consistent with the announcement that we made in late October, we delivered Adjusted EBITDA within our Outlook range for the quarter.  Reflecting on the impact of Hurricanes Harvey and Irma and a softer volume environment, we are lowering our full year 2017 Adjusted EBITDA Outlook to




The following information was filed by Tenet Healthcare Corp (THC) on Tuesday, November 7, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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