U.S. hospital operator Tenet Healthcare Corp. reported a $33 million fourth-quarter loss, mostly reflecting a charge on the sale of two hospitals.
Dallas-based Tenet said Tuesday that the quarterly loss was equivalent to seven cents a share on $2.2 billion in revenue. That compares with a loss of $75 million, or 16 cents a share, on $2.1 billion in revenue for the same quarter in 2007.
In January, Tenet said it expected a $5 million profit in the fourth quarter. But a few weeks after making that forecast, the company announced the sale of USC University Hospital and USC Kenneth Norris Jr. Cancer Hospital to the University of Southern California.