United Surgical Partners International

United Surgical Partners International (USPI) was founded in 1998, and is one of the prominent leaders in ambulatory solutions.

Founded by Don Steen in 1998, USPI currently owns and operates over 260 short-stay ambulatory facilities where they serve more than 9,000 physicians and over one million patients each year. USPI maintain strategic joint-venture partnerships with more than 4,000 physicians and over 50 health systems nationwide. All of this is accomplished through a team of over 11,000 dedicated employees.

The Company went public in 2001 and was taken private again in 2007. Welsh, Carson, Anderson & Stowe - a private equity firm out of NYC - is the current major stockholder.

In April 2015, USPI and Tenet Healthcare entered into an agreement to create the nation's largest ambulatory surgery platform. The transaction was finalized in June 2015.

United Surgical Partners International is based in Addison, TX

History

United Surgical Partners International was founded in 1998 by Don Steen along with the primary stockholder Welsh, Carson, Anderson & Stowe.

The first USPI outpatient surgery facility was Dexeus Hospital in Barcelona, Spain. It was acquired in April 1998. The first US facilities were acquired with an acquisition in July 1998. They were in Tennessee, Missouri, and Alabama.

The first hospital joint venture followed shortly in June 1999 with Baylor Health Care System.

Operations in the United Kingdom

It expanded to the UK in April 2000 by acquiring facilities including Highgate Private Hospital, Holly Private Hospital, and Parkside Hospital in London, Claremont Hospital in Sheffield, Chatsworth Suite in Chesterfield, and The Chelmsford.^[1]

Corporate Governance

^[2] Current board members include Chairman and CEO William H. Wilcox, Joel T. Allison, Dan Cancelmi, Trevor Fetter, D. Scott MacKesy, Harold L. Paz, M.D., Keith Pitts, and Paul B. Queally.

Business Strategy

The company has developed a three-way-joint-venture model which involves the connection of hospital partner + physician + management company.

USPI enters a targeted market by acquiring or developing surgical facilities in partnership with local physicians and, wherever possible, with a local hospital or health system. USPI approaches potential hospital partners to joint venture their outpatient surgical operations with those of USPI or to jointly develop a network of ASCs throughout the health system's service area. Many hospitals want to offer outpatient surgery in a freestanding center in order to more effectively compete in retaining or attracting surgeons and managed care contracting to their facilities. The USPI/hospital joint venture enables the parties to leverage USPI’s management strengths to improve the surgical operations both in service and economic results.

References

1. ↑ "Provider: Aspen Healthcare Limited". Care Quality Commission. Retrieved 27 October 2016. 
2. ↑ "United Surgical Partners International". Bloomberg BusinessWeek. Retrieved 2012-01-13. 

External links