Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 70

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 70
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 interest rates, and the staggered maturities of our debt allow us to retire or refinance our debt over time.

In the six months ended June 30, 2025, we repurchased $1.095 billion of our common stock pursuant to our share repurchase program. With the new authorization of an additional $1.500 billion under the program (as described above), $1.781 billion was available for repurchases of common stock as of July 22, 2025.

Our ability to execute on our strategies and respond to the aforementioned trends in the current operating environment is subject to numerous risks and uncertainties, all of which may cause actual results to be materially different from expectations. For information about risks and uncertainties that could affect our results of operations, see the Forward‑Looking Statements and Risk Factors sections in Part I of our Annual Report.

24

RECENT RESULTS OF OPERATIONS

The following table presents selected operating statistics for our Hospital Operations and Ambulatory Care segments on a continuing operations basis:

Three Months Ended June 30,Increase(Decrease)20252024Hospital Operations – hospitals and related outpatient facilities:Number of hospitals (at end of period)49 52 (3)(1)Total admissions116,963 124,626 (6.1)%Adjusted admissions211,520 227,994 (7.2)%Paying admissions (excludes charity and uninsured)111,725 118,770 (5.9)%Charity and uninsured admissions5,238 5,856 (10.6)%Admissions through emergency department88,179 91,779 (3.9)%Emergency department visits, outpatient440,669 492,230 (10.5)%Total emergency department visits528,848 584,009 (9.4)%Total surgeries68,517 79,387 (13.7)%Patient days — total562,088 623,082 (9.8)%Adjusted patient days984,297 1,098,328 (10.4)%Average length of stay (days)4.81 5.00 (3.8)%Average licensed beds12,435 14,085 (11.7)%Utilization of licensed beds49.7 %48.6 %1.1 %(1)Total visits1,353,380 1,465,651 (7.7)%Paying visits (excludes charity and uninsured)1,261,