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Tenet Healthcare Corp (THC) Q2 2021 Earnings Call Transcript

Tenet Healthcare Corp (THC) Q2 2021 Earnings Call Transcript
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Tenet Healthcare Corp (THC) Q1 2021 Earnings Call Transcript

Operator
Hello and welcome to the Tenet Healthcare Corporation First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions].
It s now my pleasure to turn the call over to Regina Nethery, Vice President, Investor Relations. Please go ahead.
Regina Nethery
Vice President of Investor Relations
Thank you. We are pleased to have you join us for a discussion of Tenet s first quarter 2020 pardon me, 2021 results as well as a discussion of our updated financial guidance for the year. Tenet s senior management participating in today s call will be Ron Rittenmeyer, Executive Chairman and Chief Executive Officer; Saum Sutaria, President and Chief Operating Officer; and Daniel Cancelmi, Executive Vice President and Chief Financial Officer. ....

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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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Tenet to Acquire Portfolio of Surgery Centers from SurgCenter Development - Press Release

Tenet to Acquire Portfolio of Surgery Centers from SurgCenter Development - Press Release
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Tenet to pay $1B for up to 45 ambulatory surgery centers

The transaction is expected to grow for-profit Tenet Healthcare Corp.'s ambulatory surgery portfolio to 310 facilities in 33 states and greatly expand its musculoskeletal surgery offerings. ....

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