Tenet Healthcare Corp. executives have added $150 million to their capital spending plans for the year as they look to take advantage of strong hospital demand trends.
Speaking to analysts late last month after Dallas-based Tenet reported its third-quarter results, Chairman and CEO Saum Sutaria said his team expects 2026 to deliver volume growth and a stable operating environment that will build on a 2025 that’s on pace to deliver adjusted admissions growth of 1.5 percent to 2.5 percent. Because of that, Tenet’s leaders now expect 2025 capex to be between $875 million and $975 million versus their mid-year outlook of $725 million to $825 million.
“We see opportunities and the efficiency with which we operate, our focus on service levels to the physician community, we see the opportunity for them to choose our sites as a location of care for their patients more and more,” Sutaria said on a conference call. “The way in which we tend to deploy this capital is focused more on our high-acuity strategy—so things that are relevant to the cardiac care unit, intensive care unit, cath labs, high-end imaging, et cetera.”
