Tenet Healthcare Corp on Monday raised its core-earnings forecast for the year following a strong third quarter, betting on a recovery in surgical procedures from pandemic lows and an improvement in contract labor costs as staffing shortages ease. Hospital operators are expected to see a profit boost as more people opt for surgical procedures such as hip and knee replacements that were delayed due to the pandemic. Tenet is betting on growth in its ambulatory care unit, which deals with patients who are not bedridden and do not require overnight hospitalization.
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