Dive Brief:

Tenet Healthcare raised its full-year financial forecast on Tuesday after posting third quarter results that showed year-over-year growth in revenue and adjusted earnings.

It’s the second consecutive quarter Tenet has raised its financial forecast due to outperforming company expectations . The hospital operator now expects between $21.2 billion and $21.4 billion in revenue for 2025.

Tenet is also hiking its capital expenditure budget for the year by $150 million, to total between $875 million to $975 million. CEO Saum Sutaria told investors during a Tuesday morning call the funds would be used for organic growth in its hospital division and to fund investments in high-acuity service lines, like cardiac care, intensive care and high-end imaging.

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