United Surgical Partners International

United Surgical Partners International (USPI) was founded in 1998, is an American ambulatory care company based in Dallas, Texas. It was founded by Don Steen in 1998.

United Surgical Partners International, Inc.
TypeSubsidiary
IndustryHealthcare
Founded1998
FounderDon Steen
Headquarters14201 Dallas Parkway,
Dallas, TX
,
U.S.
Key people
Brett Brodnax Chief Executive Officer
Owen Morris Chief Financial Officer
Mark Garvin Chief Operating Officer
Andy Johnston Chief Development Officer
OwnerTenet Healthcare (50.1% as of June 2015)[1]
Number of employees
19,000 (2020)
ParentTenet Healthcare
Websitewww.uspi.com

USPI currently is active in 28 states. USPI currently operates over 400 ambulatory facilities serving 9,000 physicians and 3.4 million patients annually. The company had partnerships with over 4,000 physicians and over 50 health systems in the United States, with over 19,000 employees.[2] The company went public in 2001 and was taken private again in 2007.

In April 2015, USPI and Tenet Healthcare entered into an agreement to create the nation's largest ambulatory surgery platform. The transaction was finalized in June 2015.[3]

History

United Surgical Partners International was founded in 1998 by Don Steen along with the primary stockholder Welsh, Carson, Anderson & Stowe.

The first USPI outpatient surgery facility was Dexeus Hospital in Barcelona, Spain. It was acquired in April 1998. The first US facilities were acquired with an acquisition in July 1998. They were in Tennessee, Missouri, and Alabama.

The first hospital joint venture followed shortly in June 1999 with Baylor Health Care System.

Business Strategy

The company has developed a three-way-joint-venture model which involves the connection of hospital partner + physician + management company.

USPI enters a targeted market by acquiring or developing surgical facilities in partnership with local physicians and, wherever possible, with a local hospital or health system. USPI approaches potential hospital partners to joint venture their outpatient surgical operations with those of USPI or to jointly develop a network of ASCs throughout the health system's service area. Many hospitals want to offer outpatient surgery in a freestanding center in order to more effectively compete in retaining or attracting surgeons and managed care contracting to their facilities. The USPI/hospital joint venture enables the parties to leverage USPI's management strengths to improve the surgical operations both in service and economic results.

References
  1. Barkholz, David (July 8, 2016). "Former owner of United Surgical Partners International buys big into physician practices". Modern Healthcare. A New York investment group that last year sold its majority stake in United Surgical Partners International to Tenet Healthcare....
  2. "About Us - United Surgical Partners". www.uspi.com.
  3. "Tenet Healthcare Corporation Completes United Surgical Partners International and Aspen Healthcare Transactions". www.businesswire.com. Retrieved 2017-03-14.
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