$1.8B in 3 years: The acquisitions driving Tenet’s growth

Becker's Healthcare March 21, 2024
Patsy Newitt

Tenet Healthcare, parent company of ASC chain Dallas-based United Surgical Partners International, has inked more than $1.8 billion in acquisitions since 2021, Tenet said in its annual report filed with the SEC on Feb. 16.

A majority of the deals were ASC acquisitions —- in line with Tenet’s strategy to focus on USPI to spur growth. Tenet acquired 175 ASCs total.

Here are six notes on the acquisitions Tenet has inked since 2021, according to the report.

1. In December, Tenet purchased 55% ownership interest in NextCare and its affiliates for $75 million, a joint venture to own and operate 41 urgent care centers in Arizona.

2. In 2023, Tenet acquired controlling interest in 20 ASCs...

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