Becker's Healthcare October 14, 2021
Dallas-based Tenet Healthcare continues to ramp up its surgery center business after its subsidiary United Surgical Partners International announced an agreement to acquire a stake in nine ASCs in North Carolina, Texas and Florida.
Earlier this year, Tenet sold five Florida hospitals to Dallas-based Steward Health Care for $1.1 billion. Surgery centers, however, were not included in the transaction, further pointing to Tenet’s strategy of strengthening its outpatient footprint.
The $1.1 billion sale will compensate for Tenet’s acquisition of up to 45 ASCs from Towson, Md.-based SurgCenter Development — a deal that also cost $1.1 billion.
Most of the 45 ASCs have been acquired, with the remainder set to change hands by the end of the year, as some facilities...