Becker's Healthcare September 27, 2024
While still a largely independent field, consolidation is on the rise in the ASC industry, with a few major players building out substantial ASC chains.
Dallas-based Tenet Healthcare, parent company of United Surgical Partners International, began reducing its debt profile and shifting focus to its ASC portfolio five years ago. Now they are the largest in the U.S., with 7.1% of the ASC market share.
Tenet capitalized off outpatient migration by offloading some assets while investing in ASCs. The health system sold nine hospitals in California and South Carolina for a total of $3.9 billion and plans to sell its majority stake in five more Alabama hospitals for $910 million this fall. The company acquired 45 new centers...
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