The company announced on Wednesday that Tenet Healthcare and its subsidiary United Surgical Partners International have completed the acquisition of SurgCenter Development, a developer of outpatient surgery centers, for $1.1 billion.

Dallas-based Tenet will acquire the ownership of 86 outpatient surgery centers and other related support services, and its footprint will far exceed the existing 60 hospitals and 550 medical institutions, most of which are surgical centers.

inside Originally scheduled to be announced in November, Tenet said it will acquire 92 centers. In the current transaction, USPI proposes to purchase up to $250 million in equity from doctor owners, and United Surgical Partners International will develop at least 50 surgical centers with SCD in the next five years. Tenet stated in a press release that assuming the successful completion of the acquisition of doctors’ rights, it will incorporate the results of the system’s majority-owned centers in its financial statements.

Tenet emphasized, Outpatient Surgery Center It is the top growth strategy. The company announced in October that it plans to purchase the ownership and management rights of nine outpatient surgery centers from Compass Surgical Partners. The transaction includes partnerships with 125 independent surgeons, most of which specialize in musculoskeletal surgery. It also spent US$1.1 billion on SCD’s 49 facilities in December 2020.

Tenet brought shareholders a net income of US$450 million in the third quarter of 2021, compared with a net loss of nearly US$200 million in the same period last year. In Tenet’s USPI department, surgical cases in the same facility increased by 6.8% year-on-year, reaching 101% in 2019.