Late File Exhibit 4 and Late File Exhibit 5
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PULLMAN &COMLEYLic Karen A. Daley ATTORNEYS 850 Main Street P.O. Box 7006 Bridgeport, CT 06601-7006 p 203 330 2143 f 203 576 8888 [email protected] www.pulleom.com November 5, 2014 VIA HAND DELIVERY Office of the Attorney General 55 Elm Street, P.O. Box 120 Hartford, CT 06141-0120 Attn.: Gary W. Hawes, Esq., Assistant Attorney General Office of Health Care Access, Department of Public Health 410 Capitol Avenue Hartford, CT 06134 Attn.: Steven W. Lazarus RE: Proposal for Joint Venture between Greater Waterbury Health Network, Inc. and Vanguard Health Systems, Inc. OHCA Docket No. 13-31838-486 Attorney General Docket No. 13-486-01 Dear Attorney Hawes and Mr. Lazarus: The Greater Waterbury Health Network ("GWHN") and Tenet Healthcare Corporation ("Tenet") hereby submit the following Late File Exhibits: Late File Exhibit 4: Tenet Form Q10 for Third Quarter Late File Exhibit 5: GWHN Charitable Foundation — net Foundation assets before and after adjustments to the purchase price The original, three (3) hard copies and one (1) electronic copy of these filings will be hand delivered to Mr. Lazarus' office. Two (2) hard copies and one (1) electronic copy will be hand delivered to Attorney Hawes' office. 0-0057 WWW.PULLCOM.COM I BRIDGEPORT I HARTFORD I STAMFORD I WATERBURY I WHITE PLAINS PULLMAN &COMLEY,L, ATTORNEYS Page 2 Please contact me if you have any questions or need anything further. Thank you for your assistance in this matter. Very truly yours, Pullman & Comley LLC Enclosures ACTIVE/76178.1/KDALEY/4876682v1 00058 Joint Venture between Greater Waterbury Health Network, Inc. and Vanguard Health Systems, Inc. LATE FILE EXHIBIT NO. 4 .. 00059 Morningstar® Document Researchsm FORM 10-Q TENET HEALTHCARE CORP -THC Filed: November 03, 2014 (period: September 30, 2014) Quarterly report with a continuing view of a company's financial position The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this Information, except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results. 00060 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q 111 Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2014 OR 0 Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number 1-7293 TENET HEALTHCARE CORPORATION (Exact name of Registrant as specified in its charter) Nevada 95-2557091 (State of Incorporation) (IRS Employer Identification No.) 1445 Ross Avenue, Suite 1400 Dallas, TX 75202 (Address of principal executive offices, including zip code) (469) 893-2200 (Registrant's telephone number, including area code) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or I5(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes Gil No 0 Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months. Yes FXJ No 0 Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company (as defined in Exchange Act Rule 12b-2). Large accelerated filer Gfi Accelerated filer 0 Non-accelerated filer 0 Smaller reporting company 0 Indicate by check mark whether the Registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes 0 No GE As of October 31,2014, there were 98,280,152 shares of the Registrant's common stock, $0.05 par value, outstanding. Source: TENET HEALTHCARE CORP, 10-0, November 03, 2014 Powered by Morningstar" Document Researci ,'" The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this inforrnagoon micaot to the cadent cod, damages or losses cannot beginner! or excluded by applicable law. Past financial performarice Is no guarantee of future re.sults. 0 6 1 Table of Contents TENET HEALTHCARE CORPORATION TABLE OF CONTENTS 'age PART I. FINANCIAL INFORMATION Item I Financial Statements (Unaudited1 Condensed Consolidated Financial Statements Notes to Condensed Consolidated Financial Statements 5 Item 2 Management's DiSCOSi()11 and Analysis of Financial Condition and Results of Operations 24 Item 3 Quantitative and Oualitative Disclosures About Market Risk 59 Item 4. Controls and Procedures 60 PART H. OTHER INFORMATION Item 1. Legal Proceedings 61 Item IA. Risk Factors 61 Item 6, Exhibits 62 Source: TENET HEALTHCARE CORP, 10-0, November 03, 2014 Powered by Morningstar' Document Research' rim/wham:Neon contained herefro mAy not Canopied, adapted or distribural and is not warranted to be accurate, complete or timely. The user assumes ell risks tor any damages or losses arising from any imam . this informtiob Gomm to the tartan, arab dameowi minnot be limited or exduded by wiplicable lam Past finencial performan CV is no guarantee of future results. 062 Table of Contents PART I. FINANCIAL INFORMATION ITEM!. FINANCIAL STATEMENTS TENET HEALTHCARE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS Dollars in Millions (Unaudited) September 30, December 31, 2014 2013 ASSETS Current assets: Cash and cash equivalents $ 200 $ 113 Accounts receivable, less allowance for doubtful accounts ($773 at September 30, 2014 and $589 at December 31, 2013) 2,238 1,890 Inventories of supplies, at cost 270 260 Income tax receivable 22 — Current portion of deferred income taxes 725 692 Other current assets 746 737 Total current assets 4,201 3,692 Investments and other assets 366 357 Deferred income taxes, net of current portion 100 148 Property and equipment, at cost, less accumulated depreciation and amortization ($4,347 at September 30,2014 and $3,907 at December 31,2013) 7,749 7,582 Goodwill 3,705 3,566 Other intangible assets, at cost, less accumulated amortization ($623 at September 30,2014 and $516 at December 31, 2013) 1,191 1 , 105 Total assets 5 17,312 $ 16,450 LIABILITIES AND EQUITY Current liabilities: Current portion of long-tenn debt $ 98 $ 153 Accounts payable 1,068 1,085 Accrued compensation and benefits 735 622 Professional and general liability reserves 175 156 Accrued interest payable 265 198 Other current liabilities 804 879 Total current liabilities 3,145 3,093 Long-term debt, net of current portion 11,455 10,696 Professional and general liability reserves 525 555 Defined benefit plan obligations 381 398 Other long-term liabilities 544 490 Total liabilities 16,050 15,232 Commitments and contingencies Redeemable noncontrolling interests in equity of consolidated subsidiaries 396 340 Equity: Shareholders' equity: Common stock, $0.05 par value; authorized 262,500,000 shares; 145,421,213 shares issued at Septernber 30, 2014 and 144,057,351 shares issued at December 31, 2013 7 7 Additional paid-in capital 4,597 4,572 Accumulated other comprehensive loss (20) (24) Accumulated deficit (1,471) (1,422) Common stock in treasury, at cost, 47,196,935 shares at September 30,2014 and 47,197,722 shares at December 31,2013 (2378) (2,378) Total shareholders' equity 735 755 Noncontrolling interests 131 123 Total equity 866 878 Total liabilities and equity $ 17,312 . $ 16,450 See accompanying Notes to Condensed Consolidated Financial Statements. Source: TENET HEALTHCARE CORP, 10-0, November 03, 2014 Powered by Murningstarm Document Research' The information contained herein may not be copied, adapted or distributed ends not warranted to be accurate, complde or timely. The user assumes all risks for any damages or losses arising from any use of this info/It except to the extent such damages or losses cannot be limited or excluded by applitmble law. Past financial performance is no guarantee o f future results_ 063 Table of Contents TENET HEALTHCARE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Dollars in Millions, Except Per-Share Amounts (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2014 2013 2014 2013 Net operating revenues: Net operating revenues before provision for doubtful accounts $ 4,428 $ 2,618 $ 13,096 $ 7,841 Less: Provision for doubtful accounts 249 210 949 624 Net operating revenues 4,179 2,408 12,147 7,217 Operating expenses: Salaries, wages and benefits 2,028 1,172 5,905 3,499 Supplies 665 387 1,942 1,158 Other operating expenses, net 1,032 575 3,066 1,710 Electronic health record incentives (5) (14) (72) (48) Depreciation and amortization 207 119 609 354 Impairment and restructuring charges, and acquisition-related costs 37 20 90 45 Litigation and investigation costs 4 1 19 3 Operating Income 211 148 588 496 Interest expense (186) (91) (558) (292) Loss from early extinguishment of debt (24) (24) (348) Investment earnings 1 Net income (loss) from continuing operations, before income taxes 1 57 6 (143) Income tax benefit (expense) 18 (16) 11 57 Net income (loss) from continuing operations, before discontinued operations 19 41 17 (86) Discontinued