Hospital for Special Surgery (HSS), Tenet Healthcare Corporation (“Tenet”) (NYSE:THC) and United Surgical Partners International (USPI), a Tenet subsidiary, today announced that they have entered into a definitive agreement for a joint partnership to create an orthopedic care center in West Palm Beach, Florida.
Located in a new building to be constructed in West Palm Beach adjacent to Tenet’s Good Samaritan Hospital, the new center will offer outpatient orthopedic care including diagnostics services, ambulatory surgery, rehabilitation, and sports performance programs. The facility will be staffed by HSS physicians, some of whom also will continue to serve at the HSS main campus in New York City.
“Many Florida residents travel to HSS in New York for the highest quality musculoskeletal care,” said Louis A. Shapiro, president and CEO of HSS. “We are delighted to be making that same top quality care more convenient to communities in South Florida where quality of life is so highly prized.”
“There is a natural synergy between HSS, the world’s leading academic medical center for musculoskeletal health, USPI, a top-tier ambulatory surgery provider, and Tenet’s overall commitment to developing exceptional, differentiated service lines that enable patients to live healthier lives,” said Ron Rittenmeyer, executive chairman and CEO of Tenet Healthcare. “Being able to leverage the knowledge and expertise at HSS in the care of orthopedic and musculoskeletal conditions will enable us to create a new center of excellence for our patients.”
“This is a significant win for Palm Beach County and we are thrilled that this prominent academic medical center is locating here. HSS joins a growing life science and health care industry in the county with 14 hospitals, numerous pharmaceutical companies and FAU, Scripps Florida, and Max Planck as anchor research organizations from Boca Raton to Jupiter,” stated Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County.
About HSS l Hospital for Special Surgery
HSS is the world’s leading academic medical center focused on musculoskeletal health. At its core is Hospital for Special Surgery, nationally ranked No. 1 in orthopedics (for the eighth consecutive year) and No. 3 in rheumatology by U.S. News & World Report (20172018). Founded in 1863, the Hospital has one of the lowest infection rates in the country, and was the first in New York State to receive Magnet Recognition for Excellence in Nursing Service from the American Nurses Credentialing Center four consecutive times. HSS is an affiliate of Weill Cornell Medical College. With a main campus in New York City and facilities in New Jersey, Connecticut and other parts of New York State, HSS provides care to more than 130,000 patients and performed approximately 32,000 surgical procedures in 2016. Patients came to HSS from 80 countries. In addition to Patient Care, HSS leads the field in research, innovation, and education. The HSS Research Institute comprises 20 laboratories and 300 staff members focused on leading the advancement of musculoskeletal health through prevention of degeneration, tissue repair, and tissue regeneration. The HSS Innovation Institute was formed in 2015 to realize the potential of new drugs, therapeutics and devices; the global standard total knee replacement was developed at HSS in 1948, and in 2016 HSS made 112 invention submissions. The HSS Education Institute provides continuing medical curriculum to more than 15,000 subscribing musculoskeletal healthcare professionals in 110 countries. Through HSS Global, the institution is collaborating with medical centers worldwide to advance the quality and value of care, and to make world-class HSS care more accessible to more people. www.hss.edu.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services company with nearly 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International, the Company operates general acute care and specialty hospitals, ambulatory surgery centers, urgent care centers and other outpatient facilities in the United States and the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.
About United Surgical Partners International
United Surgical Partners International, Inc. (USPI) is an ambulatory healthcare provider serving more than 2.5 million patients each year and partnering with over 50 not-for-profit health systems nationwide to deliver top tier care to their patients and to help grow their capabilities in the markets they serve. The company, a subsidiary of Tenet Healthcare, currently operates more than 265 ambulatory surgery facilities, 95 urgent care centers and 23 imaging centers. For more information, please visit www.uspi.com.
Tenet Investor Contact: Brendan Strong 469-893-6992 firstname.lastname@example.org
Tenet/USPI Media Contact: Shelly Weiss Friedberg 954-895-1776 email@example.com
Hospital for Special Surgery (HSS): Tracy Hickenbottom 212-606-1197 firstname.lastname@example.org
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