Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Tenet Healthcare Corporation

Explore full profile
Dallas, United StatesFounded 1967Health Tech & Medtech
Valuation $21B Market cap · 2026
Revenue $22B Latest reported FY
EBITDA $4.95B Latest reported FY

About Tenet Healthcare Corporation

Tenet Healthcare (NYSE: THC) is a prominent player in the U.S. healthcare services industry, employing around 113,000 people. The company operates a vast network of healthcare facilities, including 65 hospitals and approximately 500 other facilities such as surgical hospitals, ambulatory surgery centers, urgent care centers, and imaging centers. This extensive network allows Tenet to provide a wide range of medical services to diverse communities across the country.

Tenet also owns Conifer Health Solutions, which specializes in revenue cycle management and value-based care services. Revenue cycle management involves handling the financial aspects of healthcare, such as billing and payments, to ensure that healthcare providers get paid for their services. Value-based care is a healthcare delivery model in which providers are paid based on patient health outcomes, rather than the volume of services provided. Conifer serves hospitals, health systems, physician practices, employers, and other clients, helping them improve financial performance and patient care quality.

Tenet's business model revolves around delivering high-quality, compassionate care while ensuring operational efficiency. The company makes money primarily through patient services, which include hospital stays, surgeries, and outpatient procedures. Additionally, Conifer Health Solutions generates revenue by providing financial and administrative services to other healthcare providers.

Tenet's vision is to deliver the right care, in the right place, at the right time, aiming to be a top-tier organization for both patients and employees. The company is committed to workforce diversity and the professional development of its staff, ensuring a supportive and enriching work environment.

In summary, Tenet Healthcare is a diversified healthcare services company focused on improving patient outcomes and operational efficiency through a broad network of facilities and specialized financial services.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1967
Headquarters
Dallas, United States
Listing
IPO 1978
Employees
36,058
Open positions
572
Dealroom signal
26.0/100
Industry
Health
Sub-industry
Health Platform
Sector
Health Tech & Medtech, Biotechnology
Business model
Manufacturing
Client focus
b2c
Investment activity
12 companies, latest Feb 2026
Capital deployed
$332M
Preferred round
ACQUISITION

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBT✓Debt Sep 2026 $2B — Undisclosed ↗
POST IPO DEBT✓Debt Nov 2025 $2B — Undisclosed ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $22B +5.3% $4.9B 22% $2.8B 12.5%
2025 $21B +3.1% $4.7B 22% $1.4B 6.6%
2024 $21B +0.6% $4.1B 19.9% $3.2B 15.5%
2023 $21B +7.2% $3.6B 17.3%
2022 $19B -1.6% $3.5B 18.1%
2021 $19B +10.5% $3.5B 17.9%
2020 $18B — $3.2B 18%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Tenet Healthcare Corporation website traffic

Latest recorded traffic for Tenet Healthcare Corporation is 230K monthly website visits, down 14.8% over the last three months. Tenet Healthcare Corporation's team grew 0% over the past year.

Latest monthly visits230K 3-month web change-14.8% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Conifer Health SolutionsFrisco, United StatesA healthcare services company helping organizations strengthen their financial performance NextCareMesa, United StatesNextCare offers urgent care and occupational medical services for various illnesses such as cough, diaper rashes, earaches and more. $136Mvaluation SurgCenter DevelopmentPismo Beach, United States TruvetaBellevue, United StatesTruveta will enable researchers to find cures faster, empower every clinician to be an expert, & help families make the most informed decisions about their care $1Bvaluation Butterfly NetworkBurlington, United StatesTransforming medical imaging and non-invasive surgery with advances in semiconductors, deep learning and cloud computing $2.3Bvaluation Emanuel Medical CenterTurlock, United StatesComprehensive community hospital with services that include emergency, critical care, labor Texas Regional Medical in SunnyvaleSunnyvale, United States70-bed hospital proudly serving the community since 2009 Vanguard Health SystemsNashville, United StatesOwns and operates general acute care and specialty hospitals and outpatient facilities Coastal Carolina Medical CenterHardeeville, United States $35Mvaluation PatientKeeperWaltham, United StatesPatientKeeper develops apps that help physicians review electronic patient records and prescriptions, and consult with other caregivers $25Mvaluation MedChannel.comSan Francisco, United StatesTechnology infrastructure company driving efficiency and delivering value to the healthcare industry $168Mvaluation MedsiteNew York City, United StatesMedsite a provider of online business-to-business e-commerce, information and communication products and services for physicians $41Mvaluation
Team profiled 120 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Dallas HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tenet Healthcare Corporation on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Tenet Healthcare Corporation’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.