TENET HEALTHCARE CORP

Tenet Healthcare Corporation is a diversified healthcare services company that provides patient care and administrative solutions through two primary operating segments: Hospital Operations and Services, and Ambulatory Care. The company offers acute and specialty inpatient hospital care, emergency treatment, general and specialized surgeries, intensive care, diagnostic imaging, and outpatient therapy. Through its Conifer Health Solutions business, it also delivers revenue cycle management and value-based care administrative services. Tenet's customers comprise patients seeking medical and surgical treatments, as well as institutional clients including unaffiliated hospitals, health systems, physician practices, self-insured employers, and health plans.

At year-end 2025, the company's care delivery network included 50 acute care and specialty hospitals across eight U.S. states and 132 outpatient centers located primarily in Arizona and Texas. Its ambulatory platform held ownership interests in 533 ambulatory surgery centers and 26 surgical hospitals spanning 37 states, while its revenue cycle services supported approximately 600 client facilities nationwide. Tenet employs nearly 100,000 workers across all 50 U.S. states, the District of Columbia, and an administrative support center in the Philippines. The company is headquartered in Dallas, Texas.

Summary of the business section of Tenet Healthcare's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“At December 31, 2025, we employed nearly 100,000 people (of which approximately 23% were part‑time and on-call employees) in our two reporting segments, as follows:”