All Brands Owned by Tenet Healthcare Corporation

Is Tenet Healthcare publicly traded?

Yes. Tenet trades on the New York Stock Exchange under the ticker THC and is a component of the S&P 400 index. Its shares are held broadly by institutional investors. The company completed its initial public offering in 1969 under its former name, National Medical Enterprises.

Who owns Tenet Healthcare?

No single entity controls Tenet. It is a widely held public company whose largest shareholders are institutional asset managers such as Vanguard and BlackRock. Day-to-day control rests with Chairman and CEO Saum Sutaria and the board of directors.

When was Tenet Healthcare founded?

Tenet was incorporated in 1969 as National Medical Enterprises by attorneys Richard Eamer, Leonard Cohen, and John Bedrosian in Los Angeles. The company changed its name to Tenet Healthcare in 1995 after acquiring American Medical International.

What is USPI?

United Surgical Partners International is Tenet's ambulatory surgery subsidiary and the largest ASC platform in the United States. As of late 2026 it held interests in more than 530 ambulatory surgery centers and 25 surgical hospitals across 37 states. Tenet took a majority stake in 2015 and full ownership by 2021.

How many hospitals does Tenet own?

As of December 31, 2025, Tenet's hospital segment comprised 50 acute care and specialty hospitals plus 132 outpatient facilities, concentrated in eight states. The company has been shrinking this count deliberately, selling 14 hospitals in 2024 alone to focus on ambulatory growth.

What happened to Conifer Health Solutions?

Conifer remains a Tenet subsidiary. In February 2026 CommonSpirit Health paid to end its revenue cycle contract early and redeemed its 23.8% equity stake, returning Conifer to full Tenet ownership. Services to CommonSpirit wound down through October 2026, and Conifer cut about 1,000 positions as part of the restructuring.