Becker's Healthcare February 15, 2023
Dallas-based Tenet Healthcare, parent company of ASC chain United Surgical Partners International, announced it would acquire SurgCenter Development and its more than 90 ASCs for approximately $1.2 billion in November 2021.
While the company is still acquiring the ASCs, the process has slowed, according to a Feb. 9 call with investors.
“The most direct way to characterize the second [SurgCenter Development] transaction is that we are behind our expected ramp-up by approximately one year,” Tenet CEO Saum Sutaria, MD, said during the call.
The transaction included many ASCs that were in early development stages, Dr. Sutaria said, adding that there were planned buy-ups and center openings that did not happen on the original timelines.
“The agenda to make...
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