The spine and total joints businesses of Dallas-based United Surgical Partners International, part of Tenet Healthcare, grew significantly in the second quarter.
Four notes:
1. USPI reported 120 percent growth in its total joint business and 21 percent growth in its spine business compared to the second quarter of 2020.
2. Overall, the company posted an 80.4 percent increase in year-over-year net operating revenue to $664 million.
3. USPI ended the quarter June 30 with 317 ASCs and 24 surgical hospitals across 31 states.
4. USPI added more than 570 physicians in the second quarter, bringing the total number of physicians added this year to 1,100.
"The second quarter and the first half of 2021 have been better than expected on many fronts," Ron Rittenmeyer, executive chair and CEO of Tenet, said during the company's July 22 earnings call, as transcribed by Seeking Alpha. "This was largely driven by the continued commitment of our strategy, our extensive use of data and analysis, which have allowed us to trace deviations quickly, take action as needed and thus ensured a focus on execution at every level."