Tenet Healthcare Corporation (THC)

Over the past six months, Tenet Healthcare's stock price has been impacted by strong financial performance and positive analyst sentiment, increasing by 49.29% over the last year. In Q3 2025, Tenet reported strong results, beating EPS and revenue estimates, leading to an increased 2025 financial outlook. Numerous analysts raised their price targets and reiterated positive ratings on THC following the strong Q3 results. Tenet announced the upsizing and pricing of $2.25 billion private offerings of senior secured notes and senior notes to refinance $2.0 billion in outstanding notes.

While specific detailed monthly seasonality data is not explicitly provided, healthcare services, in general, can experience some seasonality. An aging U.S. population is expected to sustain solid demand for Tenet's hospital services. The resumption of pent-up elective procedures can bolster patient days for healthcare facility operators. Tenet is actively shifting towards a more stable demand for high-acuity services and is committed to expanding its Ambulatory Care Services. The fundamental demand for healthcare services is generally consistent, though specific types of services might see fluctuations based on factors like flu season, holiday periods, or insurance plan changes.

Tenet Healthcare Corporation is an American for-profit multinational healthcare services company headquartered in Dallas, Texas, operating within the healthcare sector. It provides a diversified range of healthcare services through its network of hospitals and related facilities, segmented into Hospital Operations and Services, and Ambulatory Care. The company's care delivery network includes United Surgical Partners International (USPI), the largest ambulatory platform in the country. Tenet manages a national portfolio of acute care and specialty hospitals, outpatient facilities, and a network of employed physicians. Its subsidiary, Conifer Health Solutions, provides revenue cycle management and value-based care services. Tenet's general hospitals offer acute care services and outpatient services like physical therapy, strategically shifting towards high-acuity services and expanding its ambulatory care offerings.

Tenet Healthcare Corporation operates an expansive care network primarily across the United States. As of December 31, 2024, the company operated 49 acute care and specialty hospitals, along with 518 ambulatory surgery centers and other outpatient facilities. More broadly, its care network includes 50 hospitals and approximately 640 other facilities, such as surgical hospitals, ambulatory surgery centers, and other outpatient facilities. Tenet also has a global business center in Manila, Philippines.

Tenet Healthcare's brand reputation in the past year appears to be generally positive, supported by strong financial performance and strategic growth initiatives. Strong financial performance, including robust revenue growth and a full-year net income of $3.2 billion, indicates a healthy and well-managed company. The company's strategic pivot towards outpatient services and the expansion of its ambulatory surgery center business through USPI are seen as positive moves. Investments in cutting-edge technology and evidence-based medicine position the company at the forefront of healthcare innovation. Numerous analyst upgrades and increased price targets reflect a generally optimistic view of Tenet Healthcare's position and performance.

Tenet Healthcare is predominantly owned by institutional shareholders, holding approximately 94.95% to over 100% of the shares. Major institutional owners include Glenview Capital Management LLC, Vanguard Group Inc, and BlackRock, Inc. Insider ownership by executives and board members also provides insight into the company's direction, while retail investors hold a smaller percentage.