46
Surgical Care Affiliates, OptumCare to Merge — 6 Key
Points
By Scott Becker and Mary Rechtoris
D
eerfield, Ill.-based Surgical Care Affil-
iates is merging with Optum, a health
services company and part of United-
Health Group.
Here are six key points:
1. rough the partnership, SCA will be-
come a part of Optum's platform, which
serves millions of U.S. customers via 20,000
affiliated physicians and hundreds of facili-
ties spanning the nation. SCA is combining
with OptumCare, Optum's primary and ur-
gent care delivery services business. Optum-
Care works with more than 80 health plans.
2. Andrew Hayek, SCA's chairman and
CEO, and SCA executives will continue
leading SCA and the Optum platform.
3. e companies expect the transaction to
close in the first half of this year. Under the
agreement, Optum will acquire SCA's out-
standing common stock for $57 per share.
UnitedHealth Group's common stock will
fund between 51 percent and 80 percent of
the acquisition and the remainder will be
paid in cash. TPG affiliates, owning approxi-
mately 30 percent of SCA's common stock,
will tender their shares as part of the offer.
4. e combination provides for a fas-
cinating new look at how doctors, pay-
ers and surgery centers may relate to
each other and the market in a changing
healthcare world — a world that is likely
to change a lot again in the next few years.
5. e combination of the nation's larg-
est payer and its largest pure play ASC
company is an indication of how much
the healthcare delivery system has moved
from inpatient to outpatient. e combi-
nation builds on relationships that have
evolved between UnitedHealth Group and
SCA throughout the country and world.
6. e transaction and the scale of SCA is
a tribute to the leadership of Mr. Hayek
and the team and company and partner-
ships he has built at SCA. e transaction
is approached by both companies from
a terrific position of strength. e deal
brings together two very smart companies.
"Joining with OptumCare will enable us to
better support and empower independent
physicians, helping them provide high-
quality care for their patients while making
healthcare more affordable. e combination
of SCA and OptumCare is another step for-
ward toward our vision of becoming the part-
ner of choice for surgeons," said Mr. Hayek.
"We already have a strong relationship with
OptumCare, so we have seen firsthand that
our cultures and strategies are aligned and
complementary." n
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