USPI to acquire 22 ASCs and form joint venture with United Urology Group
United Surgical Partners International (USPI) and United Urology Group (UUG), one of the nation’s largest networks of urology affiliate practices, recently signed an agreement to form a joint venture partnership in 22 ambulatory surgery centers (ASCs). USPI will acquire a portion of UUG’s ownership interests in well-established and brand-new facilities located in Maryland, Colorado and Arizona.
A partnership with USPI will help UUG and its affiliated practices accelerate the delivery of ASCs in new markets and make patient care more accessible. The addition of UUG and its affiliated practice ASCs will complement USPI’s growing urology service line and expand its partnership network with more than 140 leading urology physicians.
“United Urology Group’s premier affiliated practices have set a very high standard for exemplary urologic care,” said Brett Brodnax, President and CEO of USPI. “The partnership will add high-quality urology centers within our existing markets. We are honored to serve additional patients and support the growth of these ASCs.”
“USPI’s commitment to innovation and depth of operational knowledge will benefit the growth and development of our ASCs,” said Sanford J. Siegel, M.D., CEO of United Urology Group. “We have an exciting runway with USPI as our partner and look forward to bringing our patient-focused cultures together.”
The transaction is expected to be completed in the third quarter, subject to regulatory approvals and closing conditions. Upon completion, USPI will manage and jointly own the centers with UUG and its affiliated practices. The centers will be consolidated in Tenet Healthcare’s financial statements.