In the last week, Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, closed on two major deals selling hospitals in California. The strategy is aligned with Tenet's focus on USPI to spur growth. USPI's net operating revenuesfor the fourth quarter of 2023 were more than $1 billion, a 15.4% increase compared to the fourth quarter of 2022. "Tenet is entering a new era with a greater proportion of our performance coming from our highly efficient ambulatory surgical business and a reduced debt profile," CEO and Chair Saum Sutaria, MD, said in a Feb. 8 earnings call. "We will have significant financial and capital flexibility to increase shareholder value over the long term."Tenet's USPI bought SurgCenter back in 2021 - wonder what they might spend their significant financial and capital flexibility on so as to increase shareholder value over the long term???
ET
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In the last week, Dallas-based Tenet Healthcare, parent company...
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