Company description

Our principal business is owning and operating, through our subsidiaries, acute care hospitals and outpatient facilities and behavioral health care facilities. As of February 25, 2026, we owned and/or operated 375 inpatient facilities and 168 outpatient and other facilities located in 40 states, Washington, D.C., the United Kingdom and Puerto Rico. We have changed the method of our outpatient behavioral health care facility counts during the third quarter of 2025 and substantially all of the increase from prior periods is related to that change in convention. Acute care facilities located in the U.S.: • 29 inpatient acute care hospitals; • 35 free-standing emergency departments, and; • 13 outpatient centers & 1 surgical hospital. Behavioral health care facilities (346 inpatient facilities and 119 outpatient facilities): Located in the U.S.: • 182 inpatient behavioral health care facilities, and; • 110 outpatient behavioral health care facilities. Located in the U.K.: • 161 inpatient behavioral health care facilities, and; • 2 outpatient behavioral health care facilities. Located in Puerto Rico: • 3 inpatient behavioral health care facilities; • 7 outpatient behavioral health care facilities. Net revenues from our acute care hospitals, outpatient facilities and commercial health insurer accounted for approximately 57% of our consolidated net revenues during each of 2025 and 2024. Net revenues from our behavioral health care facilities and commercial health insurer accounted for approximately 43% of our consolidated net revenues during each of 2025 and 2024.

Read the full filing description · filed 25 Feb 2026

At a glance

Sector

Healthcare

Industry