Tenet Healthcare Corporation (THC)

Tenet Healthcare's stock experienced notable movements in the past six months, with a 52-week range between $109.82 and $247.21. As of March 31, 2026, the stock had increased by 36.60% over the last 12 months, but decreased by 22.91% in the past month and 2.95% over the past six months. Key events included a strong Q4 2025 earnings report, divestitures of hospitals, insider selling, and analyst ratings with a 'Moderate Buy' consensus.

Explicit details regarding the seasonality of demand for Tenet Healthcare's products and services are not provided. However, the company has consistently reported continued demand for acute care and ambulatory surgical services, with a strategic focus on shifting healthcare services to lower-cost outpatient facilities.

Tenet Healthcare Corporation is a diversified American healthcare services company headquartered in Dallas, Texas, founded in 1969. It operates in the healthcare sector, focusing on integrating diverse healthcare services to provide comprehensive care and optimize operational efficiency. The company operates through three primary business segments: Hospital Operations and Other, which includes the management of acute care hospitals and outpatient centers; Ambulatory Care, which operates ambulatory surgery centers and urgent care centers through its USPI subsidiary; and Conifer Health Solutions, which provides technology-driven solutions to healthcare providers.

As of December 31, 2023, Tenet Healthcare operated 61 hospitals and 480 ASCs and surgical hospitals. Its hospital presence included California, Texas, Arizona, Michigan, Alabama, Florida, South Carolina, Massachusetts, and Tennessee. Tenet also operates a global business center in Manila, Philippines. In early 2024, Tenet sold three South Carolina hospitals and six California hospitals, indicating a strategic shift.

In June 2025, Tenet Healthcare's brand reputation was significantly impacted by a report from Fuzzy Panda Research alleging Medicare and Medicaid fraud. The report accused Tenet of receiving excess Medicare outlier payments and engaging in illegal practices, leading to a drop in Tenet's shares.

Tenet Healthcare's ownership is primarily vested in institutional investors. As of March 27, 2026, there were 895 institutional owners and shareholders holding 88,316,631 shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and Fmr Llc. Glenview Capital Management LLC is a significant individual shareholder.