Tenet Healthcare Corporation (THC) Presents at Barclays 28th Annual Global Healthcare Conference Transcript

SA Transcripts158.9K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Tenet Healthcare Corporation (THC) Barclays 28th Annual Global Healthcare Conference March 10, 2026 9:30 AM EDT Company Participants William McDowell - Vice President of Investor RelationsSaumya Sutaria - Chairman & CEOSun Park - Executive VP & CFO Conference Call Participants Andrew Mok - Barclays Bank PLC, Research Division Presentation Andrew MokBarclays Bank PLC, Research Division Welcome back to the Barclays Global Healthcare Conference. My name is Andrew Mok. I'm the facilities and managed care analyst here at Barclays and I'm pleased to welcome on stage Tenet Healthcare. We have Saum Sutaria, CEO; Sun Park, CFO; and Will McDowell, Vice President of Investor Relations. So why don't I kick it off to Will for a prepared statement, and we'll dig into Q&A. William McDowellVice President of Investor Relations Thanks, Andrew. Good morning, everyone. Thank you for joining us today. In the context of our conversation today, we may be making some forward-looking statements. I would suggest in the context of the statements, you refer back to our cautionary statement filed with our most earnings release as well as other SEC filings. And with that, I'll turn it back to you, Andrew, for Q&A. Question-and-Answer Session Andrew MokBarclays Bank PLC, Research Division Great. Maybe to start, Tenet has delivered mid-teens EBITDA growth over the last 2 years. Yet your guidance this year still embeds an impressive 10% core growth. How would you contrast the strong organic growth underpinning this year's outlook with what drove results in prior years? Saumya SutariaChairman & CEO Well, I think as we said, look, at a big picture level, we're still in a reasonably good demand environment. Our strategy, of course, has been very focused on high acuity care, both in the ambulatory business and in the acute care hospital business. That demand continues to be strong. It's obviously less elastic in many