Company: THC
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001193125-25-079143
Chunk: 0

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 0
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14AINFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒Filed by a Party other than the Registrant ☐ Check the appropriate box:

| ☐ | Preliminary Proxy Statement |

| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule14a-6(e)(2)) |

| ☒ | Definitive Proxy Statement |

| ☐ | Definitive Additional Materials |

| ☐ | Soliciting Material under §240.14a-12 |

Tenet Healthcare Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):

| ☒ | No fee required. |

| ☐ | Fee paid previously with preliminary materials. |

| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules14a-6(i)(1)and0-11. |

MISSION Our mission is to provide quality, compassionate care in the communities we serve. VISION Our Vision is to consistently deliver the right care, in the right place, at the right time and to be a premier organization, where patient care and saving lives remain our focus. Our vision reflects our aspirations for the future and the goals we work toward — together. We are better together.

Dear Fellow Shareholders, Tenet produced outstanding financial and operational performance throughout 2024, further building on our momentum coming out of the pandemic and growing long-term value for our shareholders. We transformed our portfolio, increased access to specialty care and maintained our commitment to compliance, quality, and safety. Throughout 2024, Tenet consistently surpassed our performance targets – both in our operations and in our transactions. Our focused strategy, disciplined operating model and continued demand for high-quality services drives our success. As a result, we meaningfully improved the balance sheet by reducing our leverage. This past year was transformational. The highlights below reflect our team’s commitment to excellence. I would like to extend my appreciation to all our physicians, caregivers, and staff for their steadfast dedication. Transforming Our Portfolio We continued to improve Tenet’s value to stakeholders with our leading specialty care platform. In 2024, Tenet completed the sale of 14 hospitals in California,