USPI

Tenet Healthcare Corporation (NYSE: THC) is pivoting toward higher-acuity services to mitigate policy risks in the face of legislative uncertainties, including Medicaid cuts and site neutrality.  The company has already increased its higher-acuity procedures volume, but that trend will continue. “Our focus is on continuing to build and expand our high-margin service lines,” CEO Saum Sutaria said at the recent Barclays Global Healthcare Conference. To that tune, Tenet is investing in … [Read more...]

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...]

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...]

Siouxland Surgery Center, doing business as Dunes Surgical Hospital, United Surgical Partners International (USPI) and USP Siouxland Inc. have agreed to pay about $12.76 million to resolve alleged False Claims Act violations. The allegations are related to improper financial relationships between Dunes and two physician groups, according to a Sept. 16 U.S. Department of Justice (DOJ) announcement. Dunes is a surgical hospital located in Dakota Dunes, South Dakota. Since July 1, 2014, USPI … [Read more...]