Tenet Healthcare’s ASC arm, United Surgical Partners International, reported $1.2 billion in revenue in the first quarter of 2025, up from $995 million in the same period in 2024, according to financial results released April 29.
United Surgical Partners International, the ASC arm of Tenet Healthcare, reported $1.2 billion in revenue for the first quarter of 2025, up from $995 million during the same period in 2024, according to financial results released April 29.
Here are six more things to know:
1. Same-facility system-wide net patient service revenues reached $1.94 billion in the first quarter, up from $1.8 billion year over year.
2. Net operating revenues increased 20% compared to the first quarter of 2024, driven by strong net revenue per case growth, facility acquisitions and expansion of service lines.
3. In USPI’s surgical segment, same-facility system-wide net patient service revenues rose 6.8% compared to the first quarter of 2024. Surgical case volume decreased by 2.1%, while net revenue per case climbed 9.1%.
4. Adjusted EBITDA for the first quarter grew 15.7% year over year, attributed to robust net revenue per case growth, disciplined expense management and acquisition contributions.
5. As of March 31, USPI had ownership interests in 520 ASCs (380 consolidated) and 25 surgical hospitals (seven consolidated) across 37 states.
6. Dallas-based Tenet Healthcare posted an operating income of $943 million in the first quarter of 2025, reflecting an 18.1% operating margin. The system recorded a net income of $406 million for the quarter, compared to a net income of $2.2 billion in the first quarter of 2024. Last year’s results were bolstered by a pre-tax gain of $2.5 billion ($1.86 billion after tax) from the sale of three hospitals in South Carolina and six in California.
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