Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 157

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 of certain facilities, and a $4 million increase in same‑facility other operating expenses. Other operating expenses as a percentage of net operating revenues decreased to 14.6% for the three months ended June 30, 2025 from 14.8% for the same period in 2024.

Other operating expenses increased by $49 million, or 15.6%, during the six months ended June 30, 2025 compared to the same period in 2024. The change was driven by a $40 million increase from our recent acquisitions, net of the impact of the closure and sale of certain facilities, and a $9 million increase in same‑facility other operating expenses. Other operating expenses as a percentage of net operating revenues increased to 14.8% for the six months ended June 30, 2025 from 14.7% for the six months ended June 30, 2024.

Facility Growth

The following table presents the year-over-year changes in our revenue and cases on a same‑facility systemwide basis:

Three Months EndedJune 30, 2025Six Months EndedJune 30, 2025Net revenues7.7 %7.1 %Cases(0.6)%(1.4)%Net revenue per case8.3 %8.6 %

Facility Acquisitions and Investment

We commenced operations at two de novo ASCs during the six months ended June 30, 2025. During the same period, we paid an aggregate of $138 million to acquire controlling ownership interests in 11 ASCs and one surgical hospital, in which we had no prior investment, as well as six previously unconsolidated facilities. In addition, we ceased operations at 10 ASCs during the six months ended June 30, 2025.

38

Consolidated

Impairment and Restructuring Charges, and Acquisition-Related Costs

The following table presents our impairment and restructuring charges, and acquisition‑related costs:

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Consolidated:  Impairment charges$3 $1 $3 $2 Restructuring charges10 18 25 32 Acquisition-related costs11 10 15 22 Total impairment and restructuring charges, and acquisition-related costs$24 $29 $43 $56 By segment:Hospital Operations$10 $