United Surgical Partners International, a subsidiary of Tenet Healthcare, has agreed to purchase an ownership and management stake in nine Compass Surgical Partners ambulatory surgery centers.
Upon completion of the transaction, USPI will manage and jointly own the centers through partnerships with approximately 125 physicians, as well as with local health systems, where applicable.
The portfolio includes established and new ASCs in Florida, North Carolina and Texas. Roughly 60 percent of the case mix comes from musculoskeletal procedures, with the remainder attributed primarily to ENT and ophthalmology.
USPI will acquire Compass’ minority ownership interests (approximately 20% ownership interest in the nine centers) and management responsibilities of the centers. Financial terms were not disclosed.
The transaction is expected to close in the fourth quarter. Read more.
