Optum , a leading health service provider and part of UnitedHealth Group (a major health insurer in the United States of America), is all set to buy Surgical Care Affiliates (SCA) (a reputed ambulatory surgery center (ASC)) for around two billion dollars. This is a step that it has taken to escalate its existing aggressive efforts to become a country-wide medical care provider.
According to the deal, the Minnetonka-based UnitedHealth will buy the outstanding common stock of Surgical Care for $57 per share. This would syndicate the health care delivery business of Optum, OptumCare into a comprehensive ambulatory care service provider, working with over eighty health plans across the nation. The Illinois-based center has surgical hospitals and ambulatory surgery centers operating in over thirty states.
The chief executive officer and chairman of SCA, Andrew Hayek said – “Joining with OptumCare will enable us to better support and empower independent physicians, helping them provide high-quality care for their patients while making health care more affordable. The combination of SCA and OptumCare is another step forward toward our vision of becoming the partner of choice for surgeons.”
This deal will make the united firm as a complete ambulatory care service provider and also continue the expansion of the network of SCA (its ASCs as well as surgical hospitals) in a joint venture with leading medical groups, health payers, and health systems. This combined organization will build up on the successful ASC partnerships of the two companies and expand their competences in outpatient surgical procedures.
The chief executive officer of Optum and the vice chairman of UnitedHealth Group, Larry Renfro said – “Combining SCA and OptumCare will enable us to continue the transition to high-quality, high-value ambulatory surgical care, partnering with the full range of health systems, medical groups and health plans.”
The approach by OptumCare is a retail one, which includes local community health centers and emergency care centers. This is one of the key focus areas of UnitedHealth in the past 2 years. Two years back, UnitedHealth acquired MedExpress, which operates emergency care centers in fourteen states.
The addition of SCA to UnitedHealth Group gets over 1.5 billion dollars in revenue to the developing portfolio of OptumCare. SCA along with its affiliates offers care to over a million patients yearly in over thirty states, according to the company’s statement.
The deal is likely to close by the initial half of 2017. It’s expected to stay neutral to the outlook of UnitedHealth for adjusted net earnings a share in the year 2017 and diffidently accretive in 2018.