Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 7

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 7
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 repurchase program that has no expiration date. Repurchases will be made in accordance with applicable securities laws and may be made at management’s discretion from time to time in open-market or privately negotiated transactions, subject to market conditions and other factors. This program does not obligate us to acquire any particular amount of common stock, and it may be suspended for periods or discontinued at any time. At December 31, 2024, there was $1.376 billion available under this program for future repurchases.

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 this report.

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Table of Contents

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 December 31,Increase(Decrease)20242023Hospital Operations – hospitals and related outpatient facilities:   Number of hospitals (at end of period)49 61 (12)(1)Total admissions117,984 136,856 (13.8)%Adjusted admissions212,777 250,344 (15.0)%Paying admissions (excludes charity and uninsured)112,466 130,573 (13.9)%Charity and uninsured admissions5,518 6,283 (12.2)%Admissions through emergency department87,994 102,041 (13.8)%Emergency department visits, outpatient460,542 562,929 (18.2)%Total emergency department visits548,536 664,970 (17.5)%Total surgeries68,893 86,908 (20.7)%Patient days — total577,904 692,961 (16.6)%Adjusted patient days1,006,377 1,217,073 (17.3)%Average length of stay (days)4.90 5.06 (3.2)%Average licensed beds12,435 15,476 (19.6)%Utilization of licensed beds50.5 %48.7 %1.8 %(1)Total visits1,366,394 1,384,105 (1.3)%Paying visits