Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) closed out 2024 strong, partly propelled by growth in its large ambulatory surgery center (ASC) division, United Surgical Partners International (USPI). Moving forward, the company is focused on ASC expansion and high-acuity case growth, CEO Saum Sutaria said during the company’s Q4 earnings call. "We intend to invest approximately $250 million each year towards M&A in the ambulatory space,” Sutaria said. “And the pipeline of opportunities … [Read more...]

OrthoCarolina selling PT business OrthoCarolina plans to sell its physical therapy business to a private equity-backed firm. Charlotte-based OrthoCarolina, one of the nation’s largest independently owned orthopedic practices, is finalizing a deal to sell its physical therapy division to PT Solutions Physical Therapy, an Atlanta-based provider supported by PE. The agreement is expected to be announced in the coming weeks. CEO and orthopedic surgeon Leo Spector said the move would allow … [Read more...]

The robot doctor is in.  While surgical robotics have traditionally been the domain of large and well-resourced hospital systems, there is a growing movement bringing robotics into ambulatory surgery centers (ASCs). As technology evolves, surgical robotics are set to become a staple in outpatient care, offering new opportunities for ASC operators. Yet there are barriers to overcome, including cost constraints and patient-safety concerns.  “Robotics in ASCs is a challenge because of the … [Read more...]

You can often take the pulse of any industry by analyzing the words of its leaders. And while there were plenty of interesting quotes from ambulatory surgery center (ASC) leaders in our reporting this year, a few stood out for their thoughtfulness, candor and relevance. From pricing transparency and strategic partnerships, to navigating compliance and the growing shift towards high-acuity procedures, these quotes capture the essence of the challenges and opportunities facing ASCs … [Read more...]

Health care facilities in some of the nation’s largest markets have had to power through multiple natural disasters over the last couple months, including tropical storms, hurricanes and wildfires. Tenet Healthcare Corporation (NYSE: THC) is no exception. But considering recent events, the company has been “fortunate” in its ability to plan and recover, executives said during a 2024 third-quarter earnings call Tuesday. Despite weather-related setbacks, the Dallas-based Tenet still had a … [Read more...]

For Tenet Healthcare (NYSE: THC), 2024 has been a “transformative year.” In part, that transformation comes from Tenet making progress on its deleveraging goals by divesting hospital assets, a strategy that will, in turn, free the company up to execute on M&A opportunities and more moving forward. And at the same time, Tenet’s ambulatory surgery center (ASC) business – United Surgical Partners International (USPI) – continues to thrive, propelled by higher-acuity procedures shifting into … [Read more...]