Tenet now holds a 95 percent stake in USPI, which was previously owned by Welsh, Carson, Anderson & Stowe. Dallas-based Baylor University Medical Center holds the remaining 5 percent ownership stake.
Officials completed the deal on an accelerated timeline. The transaction was previously expected to be completed in July 2019.
More articles on transactions and valuations:
University of Kansas Health System to acquire Great Bend Regional
Mass General, Eastern Maine Healthcare ink affiliation
Adventist Health, St. Joseph Health to merge select Northern California facilities
