Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 108

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 and the staggered maturities of our debt allow us to retire or refinance our debt over time.

In the three months ended March 31, 2025, we repurchased $348 million of our common stock pursuant to a $1.500 billion share repurchase program our board of directors authorized in July 2024. This program has no expiration date, it 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 March 31, 2025, there was $1.028 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 our Annual Report.

21

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 March 31,Increase(Decrease)20252024Hospital Operations – hospitals and related outpatient facilities:Number of hospitals (at end of period)49 52 (3)(1)Total admissions120,090 136,374 (11.9)%Adjusted admissions213,039 243,185 (12.4)%Paying admissions (excludes charity and uninsured)115,285 130,560 (11.7)%Charity and uninsured admissions4,805 5,814 (17.4)%Admissions through emergency department91,387 103,313 (11.5)%Emergency department visits, outpatient474,619 540,205 (12.1)%Total emergency department visits566,006 643,518 (12.0)%Total surgeries66,255 81,973 (19.2)%Patient days — total605,786 711,745 (14.9)%Adjusted patient days1,036,716 1,221,755 (15.1)%Average length of stay (days)5.04 5.22 (3.4)%Average licensed beds12,435 15,319 (18.8)%Utilization of licensed beds54.1 %51.1 %3.0 %(1)Total visits