Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 5

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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 dates of our notes are staggered from 2027 through 2031. We believe that our capital structure helps to minimize the near‑term impact of increased interest rates, and the staggered maturities of our debt allow us to retire or refinance our debt over time.

In the nine months ended September 30, 2025, we repurchased $1.188 billion of our common stock pursuant to our share repurchase program. 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 September 30, 2025, there was $1.688 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.

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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 September 30,Increase(Decrease)20252024Hospital Operations – hospitals and related outpatient facilities:Number of hospitals (at end of period)50 49 1 (1)Total admissions118,852 126,844 (6.3)%Adjusted admissions215,460 230,523 (6.5)%Paying admissions (excludes charity and uninsured)113,458 120,959 (6.2)%Charity and uninsured admissions5,394 5,885 (8.3)%Admissions through emergency department88,579 93,693 (5.5)%Emergency department visits, outpatient443,006 481,764 (8.0)%Total emergency department visits531,585 575,457 (7.6)%Total surgeries69,046 77,479 (10.9)%Patient days — total569,766 628,593 (9.4)%Adjusted patient days995,666 1,102,101 (9.7)%Average length of stay (days)4.79 4.96 (3.4)%Average licensed beds12,452 14,142 (12.0)%Utilization of licensed beds49