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Acquisitions at other companies

Universal Health Services logo
Universal Health ServicesUHS
$4.86M-41.6%
HCA Healthcare logo
HCA HealthcareHCA
$36M-14.3%
Community Health Systems logo
Community Health SystemsCYH
$48M
Surgery Partners, Inc. logo
Surgery Partners, Inc.SGRY
$4.2M-90.5%
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
$42.2M+525%
National Healthcare logo
National HealthcareNHC
$675K

Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$21.08B+49.8%
Enterprise value$32.31B+30.8%
P/E6.6×+0.8×
P/S+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp
FCF margin13.9%

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Tenet Healthcare’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net cash provided by operating activities2,2261,751
Cash flows from investing activities:
Purchases of property and equipment(348)(366)
Purchases of businesses or joint venture interests, net of cash acquired(130)(147)
Proceeds from sales of facilities and other assets614
Proceeds from sales of marketable securities and long-term investments5137
Purchases of marketable securities and long-term investments(77)(38)
Other items, net(22)(1)

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's acquisitions?
Tenet Healthcare (THC) reported acquisitions of $9M in Q2 2026.
How has Tenet Healthcare's acquisitions changed year-over-year?
Tenet Healthcare's acquisitions decreased by 92.5% year-over-year, from $120M to $9M.
What is the long-term trend for Tenet Healthcare's acquisitions?
Over 4 years (2021 to 2025), Tenet Healthcare's acquisitions has grown at a -29.1% compound annual growth rate (CAGR), from $1.22B to $308M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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