Tenet Healthcare Corp.

NYSE:THC  
66.82
+1.41 (+2.16%)
Debt Financing / Related, Mergers / Acquisitions

Tenet To Acquire Portfolio Of Surgery Centers From Surgcenter Development

Published: 12/10/2020 12:37 GMT
Tenet Healthcare Corp. (THC) - Tenet to Acquire Portfolio of Surgery Centers From Surgcenter Development.
Tenet Healthcare Corp - Will Purchase Majority Interests in Up to 45 Centers for About $1.1 Billion in Cash and Assumption of About $18 Million of Center-level Debt.
Tenet Healthcare Corp - Uspi's Ownership Interest Will Be Up to 60% in Each Center, With Remainder Owned by Physician Partners.
Tenet Healthcare Corp - Transaction Will Be Fully Funded With Cash.
Tenet Healthcare Corp - Transaction Will Be Fully Funded With Cash From Tenet's Balance Sheet.
Tenet Healthcare Corp - Transaction is Expected to Be Leverage Neutral.