Becker's Healthcare November 6, 2024
Massive healthcare sell-offs are impacting ASCs in various markets, including changes in competitive dynamics, reimbursement rates and opportunities for partnerships.
Here are three major health systems offloading hospitals:
Tenet Healthcare
Dallas-based Tenet Healthcare, parent company of United Surgical Partners International, has divested 14 hospitals this year, earning more than $4.8 billion.
“These transactions have strengthened our hospital portfolio by enhancing returns and positioning us in more attractive markets,” Tenet CEO Saum Sutaria, MD, stated during an earnings call.
In the first quarter, the for-profit healthcare system sold nine hospitals in California and South Carolina. On September 30, it finalized the sale of its 70% stake in Brookwood Baptist Health, based in Birmingham, Alabama, to Orlando Health. The following day,...
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