Tenet To Acquire Portfolio Of 45 Surgery Centers From SurgCenter Development

Tenet Healthcare Corporation will acquire a portfolio of up to 45 ambulatory surgery centers (ASCs) from SurgCenter Development (SCD) for $1.28 billion. These ASCs will be operated by Tenet’s United Surgical Partners International (USPI) subsidiary as part of its ambulatory surgery platform. The 45 centers are located in Arizona, Florida, Indiana, Louisiana, Maryland, Ohio, New Hampshire, Texas, and Wisconsin.

Under the terms of the transaction, Tenet will purchase majority interests in up to 45 centers by fully acquiring SCD’s interests, and partially acquiring interests from physician partners, for approximately $1.1 billion in cash and the assumption . . .