Tenet Pays Baylor $406M to Own USPI

Dallas-based Tenet Healthcare bought 100% of United Surgical Partners International’s voting shares, CEO Saum Sutaria, MD, said during an earnings call, Seeking Alpha reports.

Tenet paid $406 million to acquire Dallas-based Baylor Scott & White Health’s equity position in USPI at the end of the second quarter. The acquisition gives Tenet full ownership of USPI, which runs 410 ASCs and 24 surgical hospitals in 34 states, according to its website. Read more.

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