Dallas-based ASC chain United Surgical Partners International announced it would acquire more than 90 ASCs from SurgCenter Development for approximately $1.2 billion in November 2021.
USPI executives revealed the progress on the acquisition had slowed during a February earnings call meeting — the transaction included many ASCs that were in early development stages and that there were planned buy-ups and center openings that did not happen on the original timelines.
However, progress is now on track, CEO Saum Sutaria, MD, said in a July 31 earnings call, per Becker’s.
The Surgcenter Development buy-ups are in line with expectations this year, Dr. Sutaria said; additionally, the company’s de novo ASCs “that were delayed are all on track this year as well,” he added.
The acquisition includes ownership interest in 92 ASCs and the formation of a five-year development agreement to provide continuity for SurgCenter Development’s facilities and physician partners.
