Tenet Narrows Loss on Lower Expenses

Tenet Healthcare Corp., the second-largest U.S. hospital chain, said its first-quarter loss narrowed to $3 million as expenses for unpaid patient bills declined.

The net loss shrank to 1 cent a share from $122 million, or 26 cents a share, a year earlier, when costs from the planned sale of unprofitable hospitals hurt results. Revenue slipped 2.9% to $2.5 billion, Dallas-based Tenet said.