---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-22-000023"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2022-04-20T23:59:59+00:00"
generated_at: "2026-06-26T06:20:39.755385+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tenet Q1 adj. EBITDA $882M (ex. grants) beats outlook; net income $139M; retired $824M debt

## Summary
- Net income from continuing ops $139M vs $97M YoY; adj. diluted EPS $1.93 vs $1.30.
- Consolidated adj. EBITDA $888M ($882M ex. grants) exceeded Q1 outlook; Q1'21 $777M ($740M ex. grants).
- Retired $824M of debt YTD including $700M 7.5% senior secured notes; expects $61M annual interest savings.
- Same-facility ambulatory surgical cases +8.0% YoY; same-hospital adjusted admissions -1.4% due to Omicron.
- Free cash flow $73M ($267M ex. Medicare advance repayments); maintained 2022 adj. EBITDA outlook.

## SEC filing metadata
- accession: 0000070318-22-000023
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2022-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031822000023/0000070318-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031822000023/thc-20220420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-22-000023
- JSON: https://secwatch.observer/filing/0000070318-22-000023.json
- Plain text: https://secwatch.observer/filing/0000070318-22-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.