USPI is a major focus of Tenet’s growth. The company said at the beginning of the year it would invest approximately $250 million annually into its ASC business.
John Muir hospital deal scrapped
John Muir Health called off its acquisition of San Ramon (Calif.) Regional Medical Center from Tenet a month after the Federal Trade Commission sued to block the deal.
Walnut Creek, Calif.-based John Muir holds a 49% stake and had planned to require the remaining 51% from Tenet. The FTC said the deal would drive up healthcare costs and eliminate competition.
COO named for Palm Beach Health Network and St. Mary’s Medical Center
Maria Morales-Menendez was named as the group COO for Tenet’s Palm Beach Health Network and West Palm Beach, Fla.-based St. Mary’s Medical Center. She previously served as COO of Delray Medical Center in Delray Beach, Fla.
3 South Carolina hospitals sold
Tenet sold three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. The hospitals are Coastal Carolina Hospital in Hardeeville, Hilton Head Hospital in Hilton Head Island and East Cooper Medical Center in Mount Pleasant.
Tenet’s ASCs in the market will remain operated by USPI. Under the agreement, Novant and USPI will also enhance their ASC partnership with the goal of increasing access to care.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.