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Tenet Healthcare Corporation

THC

Health Care

1

exclusion reason

1 theme

Corporate Misconduct (1)
THC Health Care Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Regulatory Violations
Since Mar 3, 2025

Tenet Healthcare Corporation has a documented pattern of systemic regulatory and legal violations spanning decades, indicating a corporate culture of non-compliance. In 2016, Tenet and two of its Atlanta-area subsidiaries paid over $513 million to resolve criminal charges and civil claims related to a kickback scheme. The U.S. Department of Justice found that the company paid bribes to prenatal clinics to refer Medicaid patients to its hospitals for lucrative services, defrauding federal and state healthcare programs. This settlement included a Non-Prosecution Agreement and a corporate integrity agreement with the Department of Health and Human Services.

This 2016 resolution is part of a long history of significant legal penalties. In 2007, Tenet paid $10 million to settle SEC charges for investor protection violations. In the late 1990s, the company paid approximately $100 million to settle lawsuits from former patients alleging illegal conduct with affiliated doctors. ViolationTracker documents this pattern of misconduct, with penalties across multiple domains including fraud, investor protection, and patient harm. The repeated nature of these major settlements—despite previous corporate integrity agreements—demonstrates a systemic disregard for regulatory compliance.

Research Sources 9 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.