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Tenet Healthcare THC Ambulatory Care — Number of ambulatory surgery centers

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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 thc:NumberOfAmbulatorySurgeryCenters.

The source filing: Tenet Healthcare’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000070318-26-000026

Tenet Healthcare Corporation (together with our subsidiaries, referred to herein as “Tenet,” “we” or “us”) is a diversified healthcare services company headquartered in Dallas, Texas. Our expansive, nationwide care delivery network consists of our Hospital Operations and Services (“Hospital Operations”) and Ambulatory Care segments. As of March 31, 2026, our Hospital Operations segment was comprised of 50 acute care and specialty hospitals, a network of employed physicians and 132 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency departments and micro‑hospitals. Our Ambulatory Care segment is comprised of the operations of USPI Holding Company, Inc. (together with its subsidiaries, “USPI”), which held ownership interests in 541 ambulatory surgery centers and 26 surgical hospitals at March 31, 2026. USPI held noncontrolling interests in 152 of these facilities, which are recorded using the equity method of accounting. In addition, we operate a Global Business Center (“GBC”) in the Philippines.

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's ambulatory care — number of ambulatory surgery centers?
Tenet Healthcare (THC) reported ambulatory care — number of ambulatory surgery centers of 541 in Q1 2026.
How has Tenet Healthcare's ambulatory care — number of ambulatory surgery centers changed year-over-year?
Tenet Healthcare's ambulatory care — number of ambulatory surgery centers increased by 4.0% year-over-year, from 520 to 541.
What is the long-term trend for Tenet Healthcare's ambulatory care — number of ambulatory surgery centers?
Over 2 years (2022 to 2025), Tenet Healthcare's ambulatory care — number of ambulatory surgery centers has grown at a 9.8% compound annual growth rate (CAGR), from 442 to 533.
What does ambulatory care — number of ambulatory surgery centers mean?
The total count of ambulatory surgery centers (ASCs) operated by the business segment. This metric tracks the physical footprint of outpatient surgical facilities, which are critical for high-margin, low-acuity procedures outside of a traditional hospital setting.

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