| Dallas-based Tenet told investors Tuesday patient volumes at its hospitals have dramatically ramped back up following steep declines throughout March and April. Hospital surgeries, which were down 55% in April compared to pre-COVID-19 levels, returned to about 95% pre-COVID levels during the first half of June. Recovery efforts include securing PPE with reliable suppliers, in-house COVID-19 testing and marketing to reassure patients facilities are safe. The for-profit chain said it has nearly $2.7 billion in excess cash and it had not tapped a $1.9 billion credit line. |
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