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Dive Brief:
Tenet entered into an agreement to sell its urgent care business to FastMed, the for-profit chain said Friday. Tenet s urgent care business is branded CareSpot and MedPost.
The deal will almost double FastMed s footprint and provide entry into Florida and California, where most of Tenet s urgent care centers are located. It will add 87 CareSpot and MedPost centers to FastMed s portfolio of 104 locations across three states.
Financial terms of the deal, expected to close in the first quarter, were not disclosed.
Dive Insight:
The move further solidifies Tenet s strategy to become the dominant ambulatory surgery center business.
Tenet CEO Ron Rittenmeyer said the divestiture enables the Dallas-based health system to sharpen our focus on its growing outpatient surgical business through its segment, United Surgical Partners.