Tenet, United Surgical to form joint venture for $1.9 billion

[March 23, 2015]  (Reuters) - Hospital operator Tenet Healthcare Corp  said it would form a joint venture with United Surgical Partners International in a cash and debt transaction valued at $1.93 billion to be the largest provider of ambulatory surgery in the United States.

Dallas-based USPI is controlled by private equity firm Welsh, Carson, Anderson & Stowe.

Tenet will initially own 50.1 percent of the joint venture, while Welsh Carson and the other USPI investors will own the rest.

(Reporting by Natalie Grover in Bengaluru; Editing by Savio D'Souza)

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