Tenet's ambulatory business segment United Surgical Partners International saw big growth throughout 2023.
Here are four notes on USPI's 2023 and fourth-quarter growth:
1. USPI's net operating revenues for the fourth quarter of 2023 was more than $1 billion, a 15.4% increase compared to the fourth quarter of 2022.
2. USPI's total net operating revenues for 2023 came to nearly $3.9 billion compared to more than $3.2 billion in 2022.
3. USPI's adjusted EBITDA for the fourth quarter of 2023 was $464 million, a 14% increase compared to the fourth quarter of 2022.
4. As of Dec. 31, USPI had interests in 461 ASCs (322 consolidated) and 24 surgical hospitals (eight consolidated) throughout 35 states.