Becker's Healthcare August 15, 2024
Dallas-based Tenet Healthcare, parent company of United Surgical Partners International, is turning its focus to ASCs as it rapidly sells hospitals.
“Tenet is entering a new era with a greater proportion of our performance coming from our highly efficient ambulatory surgical business and a reduced debt profile,” CEO Saum Sutaria, MD, said during the company’s fourth-quarter earnings call. “We will have significant financial and capital flexibility to increase shareholder value over the long-term.”
The sell-offs are driving momentum in Tenet’s stock, according to a Feb. 4 article published by Seeking Alpha. Tenet posted a 1.6% decline in full-year sales to $19.2 billion in 2023. However, these new deals are expected to bring in billions of dollars in sales to...
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