|Traded as||NASDAQ: SCAI
S&P 600 Component
Surgical Care Affiliates, Inc. (SCA), is one of the largest providers of Outpatient Surgery in the United States. Based in Deerfield, Illinois, the company has a network of more than 200 ambulatory surgery centers (ASCs) located in 35 states performing 1 million procedures a year. In March 2017, SCA joined the OptumCare division of Optum (part of UnitedHealth Group).
SCA creates partnerships between health plans, physician groups, and health systems, to acquire, develop and optimize surgical facilities. SCA's affiliated physicians provide a range of surgical services, including orthopedics, ophthalmology, gastroenterology, pain management, otolaryngology (ear, nose and throat, or ENT), urology, spine, cardiology, and gynecology, as well as other general surgery procedures.
SCA’s partners include large surgeon groups (e.g., OrthoCarolina, Illinois Bone and Joint, Jewett Orthopedics); large multi-speciality groups (e.g., Monarch Healthcare, DaVita Healthcare Partners, Austin Regional Clinic); and large health systems (e.g, Advocate Healthcare, Texas Health Resources, Memorial Care Health System).
SCA is a publicly traded company and its shares are listed on the NASDAQ Global Select Market under the symbol "SCAI".
On January 9, 2017, SCA and Optum (part of UnitedHealth Group) (NYSE: UNH) announced the two companies would combine. The agreement called for the acquisition of SCA’s outstanding common stock for $57.00 per share. In this agreement, SCA became part of the OptumCare platform, with Hayek and the SCA leadership team continuing forward as part of SCA and the larger OptumCare platform. The transaction closed in March 2017.
In 2015, SCA was named one of Becker’s ASC Review’s “Best Places to Work in Healthcare”http://www.beckershospitalreview.com/150-great-places-to-work-in-healthcare-2015/surgical-care-affiliates-15.html .
SCA is the foundational corporate partner to the nonprofit One World Surgery. One World Surgery funds and operates an ambulatory surgery center located near Tegucigalpa, Honduras, on the grounds of a 2,000 acre orphanage (part of the Nuestros Pequeños Hermanos network) with more than 500 children. During week-long surgical medical mission trips to Honduras, US-based physicians, nurses, clinical and non-clinical personnel provide free surgical care to people who cannot afford or access care. The program partnered with the Holy Family Surgery Center.