Healthcare DIVE December 18, 2020
Dive Brief:
- Tenet entered into an agreement to sell its urgent care business to FastMed, the for-profit chain said Friday. Tenet’s urgent care business is branded CareSpot and MedPost.
- The deal will almost double FastMed’s footprint and provide entry into Florida and California, where most of Tenet’s urgent care centers are located. It will add 87 CareSpot and MedPost centers to FastMed’s portfolio of 104 locations across three states.
- Financial terms of the deal, expected to close in the first quarter, were not disclosed.
Dive Insight:
The move further solidifies Tenet’s strategy to become the dominant ambulatory surgery center business.
Tenet CEO Ron Rittenmeyer said the divestiture enables the Dallas-based health system to “sharpen our focus” on...
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