THC · Tenet Healthcare Corp
Key customers — 70% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, approximately 70%, or $9.696 billion, of our net patient service revenues for the hospitals and related outpatient facilities in our Hospital Operations segment was attributable to managed care payers, including Medicare and Medicaid managed care programs.”
10 customers — 69% of revenue (the year ended December 31, 2025)
“our top 10 managed care payers generated 69% of our managed care net patient service revenues for the year ended December 31, 2025.”
Key customers — 67% of receivables (At December 31, 2025)
“At December 31, 2025, 67% of our Hospital Operations segment’s net accounts receivable was due from managed care payers.”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-07-06 | 1,443,041 | 494,054 | 1,937,095 | 43.9% |
| 2026-06-29 | 2,137,918 | 519,798 | 2,657,716 | 48.0% |
| 2026-06-22 | 1,405,282 | 651,777 | 2,057,059 | 37.4% |
| 2026-06-15 | 1,813,055 | 967,764 | 2,780,819 | 41.3% |
| 2026-06-08 | 2,408,884 | 656,042 | 3,064,926 | 45.5% |
| 2026-06-01 | 3,087,109 | 646,759 | 3,733,868 | 44.0% |
| 2026-05-25 | 1,508,923 | 585,606 | 2,094,529 | 39.8% |
| 2026-05-18 | 2,359,289 | 1,049,402 | 3,408,691 | 45.0% |
| 2026-05-11 | 2,021,813 | 532,181 | 2,553,994 | 39.0% |
| 2026-05-04 | 2,315,807 | 726,696 | 3,042,503 | 37.6% |
| 2026-04-27 | 4,141,433 | 1,713,978 | 5,855,411 | 51.2% |
| 2026-04-20 | 2,734,745 | 1,424,793 | 4,159,538 | 50.1% |
| 2026-04-13 | 1,799,980 | 683,371 | 2,483,351 | 46.8% |
| 2026-04-06 | 2,105,104 | 655,438 | 2,760,542 | 43.9% |
| 2026-03-30 | 1,238,543 | 408,596 | 1,647,139 | 42.4% |
| 2026-03-23 | 1,123,408 | 515,340 | 1,638,748 | 42.9% |
| 2026-03-16 | 1,797,654 | 773,334 | 2,570,988 | 40.7% |
| 2026-03-09 | 1,546,966 | 454,225 | 2,001,191 | 36.6% |
| 2026-03-02 | 1,188,670 | 679,543 | 1,868,213 | 38.3% |
| 2026-02-23 | 1,315,316 | 496,912 | 1,812,228 | 44.0% |
| 2026-02-16 | 1,165,194 | 291,827 | 1,457,021 | 36.2% |
| 2026-02-09 | 3,659,753 | 991,837 | 4,651,590 | 47.4% |
| 2026-02-02 | 1,973,177 | 910,789 | 2,883,966 | 49.2% |
| 2026-01-26 | 1,566,472 | 432,326 | 1,998,798 | 44.2% |
| 2026-01-19 | 1,143,745 | 269,989 | 1,413,734 | 43.3% |
| 2026-01-12 | 1,079,143 | 513,231 | 1,592,374 | 41.3% |
| 2026-01-05 | 1,228,280 | 434,663 | 1,662,943 | 40.2% |
| 2025-12-29 | 899,415 | 579,249 | 1,478,664 | 50.5% |
| 2025-12-22 | 725,521 | 255,435 | 980,956 | 41.7% |
| 2025-12-15 | 1,051,279 | 708,340 | 1,759,619 | 38.0% |
| 2025-12-08 | 1,415,182 | 718,259 | 2,133,441 | 45.0% |
| 2025-12-01 | 943,829 | 721,145 | 1,664,974 | 40.1% |
| 2025-11-24 | 1,793,752 | 698,225 | 2,491,977 | 41.4% |
| 2025-11-17 | 1,582,490 | 480,806 | 2,063,296 | 39.2% |
| 2025-11-10 | 1,348,332 | 573,209 | 1,921,541 | 44.7% |
| 2025-11-03 | 1,348,960 | 718,118 | 2,067,078 | 45.0% |
| 2025-10-27 | 2,459,270 | 501,929 | 2,961,199 | 40.2% |
| 2025-10-20 | 1,746,877 | 483,184 | 2,230,061 | 40.9% |
| 2025-10-13 | 1,309,078 | 562,904 | 1,871,982 | 41.7% |
| 2025-10-06 | 1,237,909 | 462,983 | 1,700,892 | 38.6% |
| 2025-09-29 | 1,143,890 | 716,090 | 1,859,980 | 42.3% |
| 2025-09-22 | 1,072,983 | 504,360 | 1,577,343 | 37.5% |
| 2025-09-15 | 1,655,840 | 1,435,541 | 3,091,381 | 36.1% |
| 2025-09-08 | 2,381,507 | 1,530,629 | 3,912,136 | 54.6% |
| 2025-09-01 | 1,122,938 | 494,874 | 1,617,812 | 42.7% |
| 2025-08-25 | 1,084,850 | 1,225,233 | 2,310,083 | 48.8% |
| 2025-08-18 | 1,678,118 | 416,115 | 2,094,233 | 39.8% |