DEERFIELD, Ill., Dec. 16, 2016 (GLOBE NEWSWIRE) -- Surgical Care Affiliates, Inc. (NASDAQ:SCAI) (“SCA”), a leader in the outpatient surgery industry, has partnered with Midwest Center for Day Surgery (“MCDS”), a joint venture owned by Advocate Health Care (“Advocate”) and community physicians, effective December 1, 2016.
SCA has also acquired Midwest Surgical Management Group, LLC (“MSMG”), a joint venture between Advocate and community physicians. SCA will assume management responsibilities for outpatient surgery centers in the Chicagoland area including, Naperville Surgical Centre, Midwest Center for Day Surgery, Tinley Woods Surgery Center and Palos Hills Surgery Center. The transaction is effective December 1, 2016.
Advocate and SCA entered a joint venture to acquire and develop a surgery center network in early 2015.
“We are excited to partner with the physicians of MCDS to serve the community’s outpatient surgical needs,” said David Spaccarelli, vice president for SCA. “This partnership expands SCA’s position in the Chicago market as a leading provider of high-quality, low-cost surgeries.”
Advocate's Senior Vice President and Chief Strategy Officer Scott Powder said he is very pleased about the benefits this new partnership will bring to consumers. "This partnership is another way Advocate continues to deliver on its commitment to increase access to high quality, affordable care for the patients and communities we serve," said Powder. "We believe this collaboration will allow for enhanced care coordination to more effectively meet the needs of consumers."
“These transactions accelerate goals set forth by the joint venture between Advocate and SCA to create a market leading network of high-quality, low-cost surgery centers to optimize value of emerging risk-based reimbursement models in the Chicagoland marketplace,” said Bill Drehkoff, group president at SCA and president of the Advocate-SCA JV Board.
About MCDS
MCDS is a patient focused outpatient surgery center located in Downers Grove, IL. MCDS provides a full suite of outpatient surgical services, including gastroenterology, ophthalmology, ear nose and throat, urology, plastic surgery, gynecology and podiatry. It is jointly owned by SCA, Advocate and community physicians.
About Surgical Care Affiliates
SCA (NASDAQ:SCAI), a leader in the outpatient surgery industry, strategically partners with health plans, medical groups and health systems across the country to develop and optimize surgical facilities. As of September 30, 2016, SCA operated 205 surgical facilities, including ambulatory surgery centers and surgical hospitals, in partnership with approximately 3,000 physicians. For more information on SCA, visit www.scasurgery.com.
About Advocate Health Care
Advocate Health Care is the largest health system in Illinois and one of the largest health care providers in the Midwest. A national leader in population health management, Advocate is one of the largest Accountable Care Organizations in the country. Advocate operates more than 450 sites of care and 12 hospitals, including two of the nation’s 100 Top Hospitals, the state’s largest integrated children’s network, five Level I trauma centers (the state’s highest designation in trauma care), three Level II trauma centers, one of the area’s largest home health and hospice companies and one of the region’s largest medical groups. Advocate Health Care trains more primary care physicians and residents at its four teaching hospitals than any other health system in the state. As a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ, Advocate contributed $686 million in charitable care and services to communities across Chicagoland and Central Illinois in 2015.