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Tenet to Sell Urgent Care Platform to FastMed - Press Release


Tenet to Sell Urgent Care Platform to FastMed
DALLAS (Business Wire) Tenet Healthcare (NYSE: THC) and FastMed Urgent Care announced today that they have entered into a definitive agreement under which FastMed will purchase Tenet’s urgent care platform, which is operated under the CareSpot and MedPost brands and managed by Tenet’s United Surgical Partners International (USPI) subsidiary.
FastMed is one of the nation’s largest independent urgent care providers with 104 locations in North Carolina, Arizona and Texas. The transaction will add 87 CareSpot and MedPost centers, increasing patient access to FastMed’s healthcare services in Arizona and Texas, while enabling the company to expand into Florida and California where most of the acquired centers are located. ....

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Tenet Healthcare To Sell Urgent Care Platform To FastMed


Tenet Healthcare To Sell Urgent Care Platform To FastMed
WASHINGTON (dpa-AFX) - Tenet Healthcare (THC) said it agreed to sell its urgent care platform to FastMed Urgent Care.
Tenet s urgent care platform is operated under the CareSpot and MedPost brands and managed by Tenet s United Surgical Partners International (USPI) subsidiary.
FastMed is an independent urgent care provider with 104 locations in North Carolina, Arizona and Texas. The transaction will add 87 CareSpot and MedPost centers, increasing patient access to FastMed s healthcare services in Arizona and Texas.
The transaction is expected to be completed in the first quarter of 2021, subject to regulatory approvals and customary closing conditions. ....

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Tenet to Acquire Portfolio of Surgery Centers from SurgCenter Development


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Expands USPI ambulatory business in line with Tenet s stated strategy
Addition of up to 45 SCD centers cements Tenet s position as preeminent national musculoskeletal services leader across care continuum
Investment in lower cost of care, highly efficient, consumer-friendly facilities that improve healthcare affordability and access
Enhances Tenet s overall business mix and earnings profile
Management will host a conference call today, Dec. 10, at 8:30 a.m. Eastern Time, to discuss the transaction
Tenet Healthcare Corporation (NYSE:THC) today announced that it will acquire a portfolio of up to 45 ambulatory surgery centers (ASCs) (the Portfolio ) from SurgCenter Development (SCD). The Portfolio will be operated by Tenet s United Surgical Partners International (USPI) subsidiary as part of its industry-leading ambulatory surgery platform. ....

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