STOCK TITAN

GI Alliance and USPI Form Partnership to Expand GI Presence in Texas

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

GI Alliance has formed a new joint venture with United Surgical Partners International (USPI) to enhance gastroenterology services in Texas. The joint venture holds a majority stake in two endoscopy centers in San Antonio and Lubbock, Texas, which are accredited by reputable organizations. This partnership aims to provide high-quality outpatient care and allows physicians to maintain focus on patient care. GI Alliance supports over 665 gastroenterologists across multiple states, while USPI operates over 430 ambulatory facilities nationwide.

Positive
  • Formation of a joint venture with USPI to expand gastroenterology services.
  • Majority ownership in two accredited endoscopy centers in Texas.
  • Supports high-quality outpatient care, enhancing patient access.
Negative
  • None.

DALLAS, Jan. 25, 2022 /PRNewswire/ -- GI Alliance, the nation's largest independent gastroenterology services organization, is pleased to announce the formation of a new joint venture with United Surgical Partners International (USPI).

USPI's partnership with GI Alliance offers patients best-in-class gastroenterology care through a collaborative approach.

The joint venture holds a majority position in two endoscopy centers co-owned by GI Alliance's physician partners: GAB Endoscopy Center in San Antonio, TX, and South Plains Endoscopy Center in Lubbock, TX.

GAB Endoscopy Center serves greater San Antonio and is accredited by The Joint Commission. The facility is located in the heart of San Antonio's medical district.

South Plains Endoscopy Center serves Lubbock and its surrounding West Texas communities. The facility has an Accreditation Association for Ambulatory Health Care (AAAHC) designation.

"These endoscopy centers have a great reputation providing high-quality gastrointestinal surgeries and procedures, with convenient access for patients in both Lubbock and San Antonio," said Jim Weber, M.D., CEO of GI Alliance. "This alliance allows our existing physicians to focus on giving exemplary care in an outpatient setting."

In San Antonio and Lubbock, GI Alliance serves nearly 60 physicians from 24 practices.

"USPI's partnership with GI Alliance offers patients best-in-class gastroenterology care through a collaborative approach," said Brett Brodnax, President and Chief Executive Officer of USPI. "We look forward to furthering our mission together with GI Alliance and our physician partners."

About GI Alliance

GI Alliance is a physician-led and majority physician-owned GI services organization supporting the needs of more than 665 independent gastroenterologists operating in Texas, Arkansas, Arizona, Colorado, Florida, Illinois, Indiana, Louisiana, Mississippi, Oklahoma, Utah, and Washington. Practices that are part of GI Alliance focus on providing the highest-quality care to their patients. In addition to providing operational support for practices, GI Alliance is working to unite gastroenterologists nationwide by aligning interests and improving patient care.

About USPI

United Surgical Partners International (USPI), a subsidiary of Tenet Healthcare Corporation (NYSE: THC), operates the largest ambulatory platform in the country. With more than 430 facilities across the United States, the company serves patients in ambulatory surgery centers and surgical hospitals. For more information, please visit www.uspi.com.

Contact:
Dee Dee Brooks
GI Alliance
214.998.3434
deedee.brooks@GIAlliance.com

Ashley Cantwell
communications@uspi.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gi-alliance-and-uspi-form-partnership-to-expand-gi-presence-in-texas-301467124.html

SOURCE GI Alliance

FAQ

What is the recent partnership between GI Alliance and USPI about?

GI Alliance has formed a joint venture with USPI to enhance gastroenterology services in Texas.

Which facilities are involved in the GI Alliance and USPI partnership?

The partnership involves GAB Endoscopy Center in San Antonio and South Plains Endoscopy Center in Lubbock, Texas.

What date was the partnership between GI Alliance and USPI announced?

The partnership was announced on January 25, 2022.

How does the GI Alliance and USPI partnership benefit patients?

The partnership aims to provide best-in-class gastroenterology care through a collaborative approach.

What is the stock symbol for USPI's parent company?

The stock symbol for USPI's parent company, Tenet Healthcare Corporation, is THC.

Tenet Healthcare Corporation New

NYSE:THC

THC Rankings

THC Latest News

THC Stock Data

12.11B
93.21M
1.17%
97.48%
2.19%
Medical Care Facilities
Services-general Medical & Surgical Hospitals, Nec
Link
United States of America
DALLAS