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Tenet Health Up ) United Surgical Partners INTERNATIONAL Exhibit 99.1 Tenet and USPI to Acquire SurgCenter Development and Establish Long - Term Development Partnership • Acquiring ownership interests in 92 ambulatory surgery centers • • • • Includes formation of five - year partnership and development agreement between USPI and SCD to provide continuity for SCD platform and future de novo development projects Builds on USPI's position as a leading ambulatory surgery platform and partner of choice for high- quality , multi - specialty physicians , including musculoskeletal , ENT and others Positions Tenet to generate strong financial returns , including attractive EBITDA margins and free cash flow Management will host a conference call today , Nov. 8 , at 5:30 p.m. Eastern Time ( 4:30 p.m. Central Time ) , to discuss the transaction DALLAS - Nov. 8 , 2021 – Tenet Healthcare Corporation ( NYSE : THC ) , and its subsidiary United Surgical Partners International ( USPI ) , today announced that they have entered into a definitive agreement with the principals of SurgCenter Development ( SCD ) to acquire SCD . Under the terms of the agreement , Tenet / USPI will acquire SCD's ownership interests in 92 ambulatory surgery centers ( ASCs ) and other related ambulatory support services ( collectively , the Portfolio ) . USPI and SCD's principals will also enter into a five - year partnership and development agreement designed to provide seamless continuity and support for SCD's facilities and physician partners over the coming years . Going forward , USPI also has the exclusive option to partner with SCD on de novo development projects over the life of the agreement . The transaction follows USPI's successful acquisition of 67 SCD centers since 2009 . " We are extremely pleased to announce this transformative transaction and partnership , which builds upon USPI's position as a premier growth partner and SCD's track record of developing