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Tenet Healthcare swings to 1Q profit

AP/Yahoo News, May 5, 2009
Tenet Healthcare reported a first-quarter profit on a one-time debt swap gain and higher overall revenue, despite a drop in the hospital operator's same-hospital admissions. Dallas-based Tenet says it earned $178 million, or 37 cents per share, compared with a loss of $31 million, or 6 cents per share, during the same period a year ago. Revenue rose 5% to $2.28 billion.