Tenet, United Surgical to form joint venture for $1.9 billion

(Reuters) - Hospital operator Tenet Healthcare Corp said it would form a joint venture with United Surgical Partners International in a cash and debt transaction valued at $1.93 billion to be the largest provider of ambulatory surgery in the United States. Dallas-based USPI is controlled by private equity firm Welsh, Carson, Anderson & Stowe. Tenet will initially own 50.1 percent of the joint venture, while Welsh Carson and the other USPI investors will own the rest. (Reporting by Natalie Grover in Bengaluru; Editing by Savio D'Souza) March 23, 2015 at 06:29AM

via Lazahealth.org