Tenet forms JV to create largest U.S. ambulatory surgery provider

March 23, 2015 10:29 AM

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(Reuters) - Tenet Healthcare Corp (THC.N) and United Surgical Partners International (USPI) will combine their ambulatory and short-stay surgery centers in a deal that will give Tenet the option to buy USPI over the next five years.

Tenet will pay $425 million to private equity firm Welsh, Carson, Anderson & Stowe and other USPI shareholders and assume $1.5 billion of USPI's debt for a 50.1 percent stake in the venture.

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