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uspi.com

Founded Year

1998

Stage

Acquired | Acquired

Total Raised

$18.75M

Valuation

$0000 

About United Surgical Partners International

United Surgical Partners International (USPI) is an experienced and trusted partner in some of the nation's most successful surgical facility networks. The company provides strategic solutions for physicians, health systems and those paying for the cost of health care services, such as employers, insurance companies and government programs.

United Surgical Partners International Headquarter Location

15305 Dallas Parkway Suite 1600

Addison, Texas, 75001,

United States

972-713-3500

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United Surgical Partners International Patents

United Surgical Partners International has filed 2 patents.

The 3 most popular patent topics include:

  • Antaeotricha
  • Attachment theory
  • Conidae
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/12/2018

9/14/2021

Web frameworks, Attachment theory, Mechanisms (engineering), Cryptography, Sailing rigs and rigging

Grant

Application Date

4/12/2018

Grant Date

9/14/2021

Title

Related Topics

Web frameworks, Attachment theory, Mechanisms (engineering), Cryptography, Sailing rigs and rigging

Status

Grant

Latest United Surgical Partners International News

ASCs 'insulated' Tenet's bottom line as hospitals continue to battle high labor costs

May 16, 2022

Alan Condon -   Dallas-based United Surgical Partners International, Tenet Healthcare's surgery center business, has helped protect the company from the rising labor costs that continue to eat into the bottom line of many hospitals and health systems across the country. Tenet is optimistic about the rest of the year after reporting positive financial results in the first quarter and is turning their attention back to growing the business after the COVID-19 spike in January has "diminished significantly," executives said May 10 at the Bank of America Securities Healthcare Conference. "Our view is that the labor challenges are not really burgeoning," said CEO Saum Sutaria, MD. "Our ability to manage labor, productivity, length of stay, appropriate utilization of our capacity, given the revenue that's available out there, is something that we've been committed to throughout the year. We maybe have taken an approach that balances those items in a way that helped us manage our earnings in the last year and a half, and I think the first quarter was no different on that." Across USPI, outpatient "contract labor costs are typically less than 10 percent" of similar expenditures in Tenet's acute care business, "so substantially lower of what we see in our hospitals," according to CFO Dan Cancelmi. "When you look at our needs for that type of contract labor on a short-term basis or even a multi-month basis, particularly in our large USPI segment as we continue to acquire and integrate facilities, it's de minimis," Dr. Sutaria said. Tenet executives added that they are bullish about the recovery that will occur in the outpatient environment and are also beginning to see some top-line growth within Conifer, the company's revenue cycle management business. Between USPI and Conifer, "half the business is insulated," Dr. Sutaria said. USPI reported $738 million in net operating revenue during the first quarter, a $92 million increase from the first quarter of 2021, and expects to see 12 percent growth in 2022 after acquiring interest in about 160 ASCs in the last year and a half, executives said in a February earnings call transcribed by Seeking Alpha . Tenet sees USPI as a significant part of its future strategy. It aims to add more than 160 ASCs over the next three years while also allocating more capital to expand hospital growth opportunities, including higher-acuity service offerings.

  • When was United Surgical Partners International founded?

    United Surgical Partners International was founded in 1998.

  • Where is United Surgical Partners International's headquarters?

    United Surgical Partners International's headquarters is located at 15305 Dallas Parkway, Addison.

  • What is United Surgical Partners International's latest funding round?

    United Surgical Partners International's latest funding round is Acquired.

  • How much did United Surgical Partners International raise?

    United Surgical Partners International raised a total of $18.75M.

  • Who are the investors of United Surgical Partners International?

    Investors of United Surgical Partners International include Tenet Healthcare, Welsh Carson Anderson & Stowe, Ferrer Freeman & Company and Ascension Ventures.

  • Who are United Surgical Partners International's competitors?

    Competitors of United Surgical Partners International include U.S. Renal Care, MedeAnalytics, Avant Healthcare Professionals, National Surgical Healthcare, Blue Chip Partners, Alcala Farma, Ardent Health Services, APS Healthcare, Trivitron Healthcare, American Pathology Partners and 18 more.

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