Tenet to acquire a portfolio of surgery centers from SurgCenter Development for $1.1bn.

Tenet, a diversified healthcare services company, agreed to acquire a portfolio of surgery centers from SurgCenter Development, a developer of physician-owned ASCs, for $1.1bn. "This is a transformative transaction within our stated strategy to expand our ambulatory platform. It will enhance our overall business mix and further diversify our earnings profile by accelerating our shift toward lower cost of care, consumer-friendly, faster-growing assets for Tenet, USPI and our physician and health system partners. The transaction is a testament to the caliber and quality of the SCD facilities, physicians and staff, USPI’s incredible performance, and both organizations’ quick recovery relative to the pandemic," Ron Rittenmeyer, Tenet Executive Chairman and CEO.