Here are four notes:
1. The transaction was valued at $575 million in cash.
2. The deal went into effect on March 31, 2016.
3. As per the agreement, Tenet will retain certain net working capital accounts.
4. WellStar will assume certain capital leases related to the acquired facilities’ operations.
More articles on surgery centers:
Tenet ambulatory net revenue reaches $397M — 22 things to know about Tenet’s Q4, 2015 results
SCA partners with Gladiolus Surgery Center — 4 key points
3 hospitals/health systems with new outpatient surgery centers — April 10, 2016
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.