M&A Deal Summary

Tenet Health Acquires United Surgical Partners International

On April 26, 2018, Tenet Health acquired healthcare services company United Surgical Partners International from Welsh Carson Anderson & Stowe

Acquisition Highlights
  • This is Tenet Health’s 6th transaction in the Healthcare Services sector.
  • This is Tenet Health’s 6th transaction in the United States.
  • This is Tenet Health’s 1st transaction in Missouri.

M&A Deal Summary

Date 2018-04-26
Target United Surgical Partners International
Sector Healthcare Services
Buyer(s) Tenet Health
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition

Target

United Surgical Partners International

Saint Louis, Missouri, United States
United Surgical Partners International (USPI) is an experienced and trusted partner in some of the nation’s most successful ambulatory surgical networks. We are dedicated to providing high-quality, lower-cost solutions as various reform initiatives unfold in the communities we serve. We provide strategic solutions for physicians, health systems and those paying for the cost of health care services, such as employers, insurance companies and government programs.

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Buyer(S) 1

Buyer

Tenet Health

Dallas, Texas, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees85,800
Revenue 20.5B USD (2023)
DESCRIPTION

Tenet Health is a provider of health care services company, through its subsidiaries operates 77 hospitals, 187 outpatient centers, and Conifer Health Solutions, a provider in business process solutions for health care providers serving more than 700 hospital and other clients nationwide. Tenet Health was founded in 1967 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (Missouri) 1 of 1
Country (United States) 6 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Tenet Healthcare - Three Houston Hospitals

Houston, United States

Tenet Healthcare - Three Houston Hospitals includes 423-bed Houston Northwest Medical Center, 181-bed Cypress Fairbanks Medical Center Hospital and 444-bed Park Plaza Hospital.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 Golden State Medicare Health Plan

Cypress, California, United States

Golden State Medicare Health Plan is a California-based company that provides value-based care delivery. Since 2010, Golden State has provided health care services through its HMO Medicare Advantage Plan to California residents. Today, Golden State serves approximately 9,800 members across six counties in Northern and Southern California.

Sell -

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 61 of 75
Sector (Healthcare Services) 21 of 25
Type (Add-on Acquisition) 38 of 44
State (Missouri) 3 of 3
Country (United States) 59 of 72
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Curo Health Services

Mooresville, North Carolina, United States

Curo Health Services is a provider of home healthcare and hospice services throughout various communities across the country. Guided by a patient’s physician, Curo’s team of clinicians combine clinical expertise with dedicated and compassionate care to help patients increase their independence and live a better quality of life. Curo Health Services was founded in 2010 and is based in Mooresville, North Carolina.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-17 Abzena

Cambridge, United Kingdom

Abzena is a life science company, that provides proprietary technologies and value-added services to enable the development of better biopharmaceuticals. Abzena comprises two wholly owned subsidiary businesses – PolyTherics and Antitope. Abzena is based in Cambridge, United Kingdom.

Buy £34M