Tenet's 4Q 2017 Results Show Volume Improvement Amid Virulent Flu Season
Tenet's fourth-quarter results showed same-hospital adjusted admission growth for the first time since 2016, along with a $25 million lift to management's previously issued 2018 adjusted EBITDA outlook. Despite the improvement, management's 2018 guidance broadly fits around our previous forecasts, and we are reiterating our no-moat rating while expecting no major changes to our fair value estimate. Management's 2018 outlook for $2.5 billion to $2.6 billion in adjusted EBITDA encompasses our $2.5...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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