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Tenet Strikes Surgery Center Deal Worth $1.2B

Tenet Healthcare Corp (NYSE: THC) has agreed to acquire SurgCenter Development for approximately $1.2 billion. Tenet and its subsidiary, United Surgical Partners International (USPI), will acquire ownership interests in 92 ambulatory surgery centers (ASC) and related ambulatory support services. Of the 92 ASCs, 27 have either opened within the last year or will perform their first cases in 2022. The deal is expected to close in Q4 of FY21. Additionally, USPI plans to acquire a portion of equity

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