Dallas-based United Surgical Partners International, part of Tenet Healthcare, had a successful third quarter with continued service line and revenue growth. Same-facility revenues were up nearly 8% and case volumes grew right around 4% year over year.
Saum Sutaria, MD, CEO of Tenet, said he is proud of USPI’s continued strength and financial performance as Tenet aims to grow in the coming year. Dr. Sutaria also said the merger and acquisition environment for ASCs is “consistently positive” and he hasn’t seen higher multiples as ASCs recover from the pandemic. He sees a lot of opportunities in acquiring new centers, but also noted high interest rates forced USPI to raise the bar on its assessment process for financial returns and the ability to drive post-synergy multiples down, Becker’s reports. Read more.
