The deal partners with three Florida Orthopedic Institute ASCs that perform more than 15,000 cases annually, CEO Saum Sutaria, MD, said in the earnings call.
According to the group’s website, Florida Orthopedic Institute is the state’s largest physician-led orthopedic group.
USPI has added 56 ASCs so far in 2024 — 11 in the second quarter and 45 in the first — and has sold nine hospitals for proceeds of $4 billion to invest in the ambulatory space. Tenet also has 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.
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.