How do you interpret hospital operations — number of hospitals owned by subsidiaries?

An increase suggests expansion of the hospital network, while a decrease indicates divestiture or consolidation of assets.

Tenet Healthcare THC Hospital Operations — Number of hospitals owned by subsidiaries

Discontinued — last reported Q4 '25

Similar metrics at other companies

HCACorporate And Other — Number Of Owned And Operated Hospitals

700%-100pp

HCANational Group — Number Of Owned And Operated Hospitals

5,300%-200pp

HCAAtlantic Group — Number Of Owned And Operated Hospitals

6,300%0.0pp

EHCHome Health and Hospice — Number of solely owned hospital based home health and hospice locations

336+0.6%

HCAAmerican Group — Number Of Owned And Operated Hospitals

6,600%0.0pp

EHCInpatient Rehabilitation Segment — Number of solely owned inpatient rehabilitation hospitals

95+9.2%

Other financials

Income statement

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Revenue$5.4B+2.8%

Operating income$1.3B+37.4%

Net income$906.0M+45.7%

EPS (diluted)$8.01+87.6%

Balance sheet

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Cash & equivalents$3.0B-1.1%

Total debt$13.3B+0.2%

Total equity$4.8B+15.1%

Total assets$31.2B+6.7%

Cash flow

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Operating cash flow$1.6B+101%

CapEx$180.0M+4.0%

Free cash flow$1.5B+128%

Valuation

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Market cap$14.86B—

Enterprise value$25.19B—

P/E5.6×—

P/S0.7×—

Profitability

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Operating margin18%+0.4pp

Net margin12.4%+0.9pp

FCF margin15.6%—

Returns & leverage

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Return on equity58.9%-2.7pp

Debt / equity2.8×-0.4×

Current ratio1.4×-0.4×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept thc:NumberOfHospitalsOperatedBySubsidiaries.

The official record: Tenet Healthcare’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's hospital operations — number of hospitals owned by subsidiaries?: Tenet Healthcare (THC) reported hospital operations — number of hospitals owned by subsidiaries of 12.5 in Q4 2025.
What does hospital operations — number of hospitals owned by subsidiaries mean?: The total number of hospitals owned by the company's subsidiaries.
How do you interpret hospital operations — number of hospitals owned by subsidiaries?: An increase suggests expansion of the hospital network, while a decrease indicates divestiture or consolidation of assets.
How does hospital operations — number of hospitals owned by subsidiaries compare across companies?: Commonly reported by hospital systems as 'number of licensed beds' or 'number of owned facilities'.