Fierce Health Payers April 5, 2021
At the end of 2020, Tenet Healthcare made a major pivot to enter the ambulatory surgery center business with a $1.1 billion deal to get up to 45 centers.
The deal, which Tenet made in part after selling off its urgent care business, comes after a rough 2020 for hospitals that saw outpatient revenue plummet due to COVID-19.
But Tenet is not alone in trying to snap up surgery centers, which specialize in elective or same-day outpatient surgical procedures. Community Health Systems, for instance, opened up three new ambulatory surgery centers in 2020.
And it’s not just hospitals. Medical device company Stryker launched its own ambulatory surgery center business in July 2020, pointing to the potential to help provide more...
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