Here are eight major acquisition notes to know from the two companies:
Optum:
1. SCA Health acquired at least two cardiovascular providers in 2023. National Cardiovascular Partners comprises 21 cardiac catheterization and vascular labs. Ponte Vedra Beach, Fla.-based Pivotal Healthcare has 11 affiliate practices and 14 locations.
2. In March, Optum announced plans to acquire bankrupt Dallas-based Steward Health Care’s physician group, Stewardship Health.
3. Also in March, Optum received approval to bypass a state review of its planned purchase of physician-owned Corvallis (Ore.) Clinic.
4. In September, shareholders from Baton Rouge, La.-based Amedisys, a home health and hospice provider, approved a $3.3 billion acquisition by Optum.
Tenet:
1. In the first quarter of 2024, Tenet acquired 45 surgery centers while also selling nine hospitals for proceeds of $4 billion to invest in the ambulatory space.
2. The company also announced plans to invest $450 million into growing its ambulatory business in 2024.
3. Tenet entered into a definitive agreement with Winston-Salem, N.C.-based Novant Health for the sale of three hospitals in South Carolina, but the ASCs in the market will remain under USPI ownership.
4. In December, Tenet purchased 55% ownership interest in NextCare and its affiliates for $75 million, a joint venture to own and operate 41 urgent care centers in Arizona.
