In the first quarter of the year, Tenet closed on selling nine hospitals for proceeds of $4 billion to invest in the ambulatory space. Additionally, Tenet acquired 45 ASCs across the nation in the first quarter that focus on several specialties, including orthopedics, ophthalmology and GI.
The company is assuming “about EBITDA growth of about 4%” in the ambulatory business, according to the call.
As of 2024, USPI now has 512 ASCs and 25 surgical hospitals spanning 38 states in its portfolio, making it the largest ASC chain in the U.S. USPI aims to have 575 to 600 facilities by the end of 2025.
“We have had an outstanding start to the year highlighted by strong growth in revenues, admissions and profitability,” CEO Saum Sutaria, MD, said. “Our operational excellence and focus on continuous improvement helped enable our momentum as we transform our company through strategic portfolio decisions, disciplined capital allocation and debt reduction.”
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.