3 health systems with $6.8B profits among Forbes' world's largest companies

Three publicly traded health systems appeared on Forbes' Global 2000 list of largest companies.

The publication ranked the largest companies across the world based on sales, profits, assets and market value as of May 5. Together, the three health systems report $6.8 billion profit and have a market value of $93.7 billion.

The three health systems that appeared on the rankings are:

HCA Healthcare
Profit: $5.73 billion
Market value: $76.52 billion

Tenet Healthcare
Profit: $414 million
Market value: $7.07 billion

Universal Health Services
Profit: $684.2 million
Market value: $10.09 billion

Nashville, Tenn.-based HCA Healthcare is a 180-hospital system with around 2,300 ambulatory sites including surgery centers, physician clinics and urgent care facilities. The health system has locations in the U.S. and United Kingdom, reporting more than 37 million patient encounters annually. The health system acquired 41 urgent care centers from FastMed in May and announced it would invest more than $300 million into clinical education and training for nurses in the coming years.

Dallas-based Tenet Healthcare has 61 acute care and specialty hospitals as well as 465 ASCs and surgical hospitals within its portfolio. The health system also owns Conifer Health Solutions, a revenue cycle management company managing around $25 billion in revenue, and is broadly focused on delivering value-driven care and expanding its ambulatory platform.

King of Prussia, Pa.-based Universal Health Services operates 28 inpatient acute care hospitals, 331 inpatient behavioral health facilities and 39 outpatient facilities across the U.S. and United Kingdom. The health system continues to add new facilities in partnership with other health systems, including Allentown, Pa.-based Lehigh Valley Health Network, Trinity Health Michigan in Grand Rapids and Alan B. Miller Medical Center in Palm Beach Gardens, Fla. The health system also reported last fall that its five accountable care organizations saved Medicare more than $82 million in 2021.

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