Becker's Healthcare August 13, 2024
Here are five industry-shifting deals within the ASC world in 2024.
1. United Surgical Partners International, owned by Dallas-based industry giant Tenet Healthcare, quietly bought Nashville, Tenn.-based Covenant Surgical Partners in April. The sale occurred after Covenant’s private equity owner, KKR, paid off lenders at par to avoid a potential exchange of debt. Covenant was acquired by KKR in 2017 and operated more than 80 locations across 17 states.
2. In April, HCA sold Los Angeles-based West Hills Hospital and Medical Center, which includes a freestanding ASC, to UCLA Health. Later that same month, HCA and healthcare real estate development company NexCore Group partnered to build an ASC in Orem, Utah.
3. Tenet Healthcare also sold four hospitals...
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