Dallas-based Tenet Healthcare is aiming to invest $250 million annually in outpatient facility mergers and acquisitions as margins in that sector remain “phenomenal,” per Becker’s
Such margins are between 30% and 40%, CFO Dan Cancelmi told analysts in a results webcast.
In the future, it will be the extent of patient comorbidities that will likely decide if inpatients can migrate to an ambulatory setting, said CEO Saum Sutaria, MD. The health system is particularly looking at spine and orthopedics as growth areas in outpatient settings.
The system, which reported net income of $143 million in the first quarter, operates 465 ambulatory facilities through its United Surgical Partners International division. Read more.
