Tenet Healthcare and subsidiary United Surgical Partners International completed their acquisition of SurgCenter Development, according to a news release. Tenet/USPI acquired SCD’s ownership interests in 86 ambulatory surgery centers and other related ambulatory support services for approximately $1.1 billion.
Additionally, USPI is offering to acquire a portion of equity interests in the ASCs from physician owners for incremental consideration of approximately $250 million. This is an ongoing process that is expected to continue over the coming months, the company said. Assuming successful completion of the acquisition of physician interests, Tenet will consolidate in its financial statements the results of the centers in which USPI holds a majority ownership position. Read more.
