Surgical Care Affiliates Combines with OptumCare
January 9, 2017
Cleary Gottlieb is representing Surgical Care Affiliates (SCA) in its combination with OptumCare, a leading health services company and a division of UnitedHealth Group.
Under the agreement, OptumCare will acquire SCA’s outstanding common stock for $57 per share. The stock and cash transaction is valued at approximately $2.5 billion and is expected to close during the first half of 2017, subject to regulatory approvals.
The combination of SCA with OptumCare will position the organization as a comprehensive provider of ambulatory care services, while continuing the expansion of SCA’s network of ambulatory surgery centers and surgical hospitals in partnership with leading health plans, medical groups and health systems.
SCA is a leader in the outpatient surgery industry and strategically partners with health plans, medical groups and health systems across the U.S. to develop and optimize surgical facilities. SCA operates 205 surgical facilities, including ambulatory surgery centers and surgical hospitals, in partnership with approximately 3,000 physicians.