Surgical Care Affiliates
| Public | |
| Traded as |
NASDAQ: SCAI S&P 600 Component |
| Industry | Healthcare |
| Predecessor | Surgical Care Affiliates (1982 to 1995) HealthSouth Outpatient Surgery Division (1995 to 2007) |
| Founded | 2007 |
| Headquarters | Deerfield, Illinois, |
|
Number of locations
|
205 |
|
Key people
|
Andrew Hayek, Chairman and Chief Executive Officer Joseph T. Clark Chief Development Officer Tom De Weerdt, Chief Financial Officer Michael Rucker, Chief Operating Officer Rich Sharff, General Counsel |
| Products | Ambulatory Surgery Centers and Surgical Hospitals |
| Revenue |
 $2.1+ billion USD (2016) |
|
Number of employees
|
8,000 (2016) |
| Website | www |
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.
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, the CORE Institute, DISC, 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, MemorialCare Health System).
SCA is a publicly traded company and its shares are listed on the NASDAQ Global Select Market under the symbol "SCAI".
Origins
Surgical Care Affiliates was founded in 1982 by Joel Gordon in Nashville, Tennessee. Gordon had previously founded General Care Corp (NYSE: GCE) in 1969, a hospital company that was sold to Hospital Corporation of America (“HCA”) in 1980.
Subsequent to selling General Care Corp to HCA, Gordon partnered with Andrew “Woody” Miller, an HCA executive, and Jack Massey, a co-founder of HCA and American venture capitalist, to launch SCA. SCA raised capital by listing shares on the New York Stock Exchange and used the proceeds to acquire existing surgery centers and build new surgery centers, mostly in the southeast. From 1982 to 1995, SCA grew to approximately 67 facilities, with Ken Melkus serving as the CEO for most of that time.
Early Growth
From 1982 to 1985, SCA grew to approximately 67 facilities with Ken Melkus serving as the CEO for most of that time. HealthSouth acquired SCA in October 1995. The acquisition made HealthSouth the largest provider of outpatient surgery in the nation with a total of 126 surgery centers. HealthSouth acquired other surgery center companies, including ASC Network Corp and National Surgery Centers, and independent facilities during this period. In March 2007, HealthSouth announced that it would sell its surgery center division to TPG Capital (TPG), a large private equity firm.
In June 2007, TPG Capital acquired the assets of HealthSouth’s surgery division, effectively forming SCA as a new, stand-alone company. The company was named Surgical Care Affiliates, in recognition of the original SCA.
Current chairman and chief executive officer, Andrew Hayek, was hired in May 2008 as president and chief executive officer. Hayek had previously been president of a division of DaVita Healthcare Partners and had been president and chief operating officer of Alliance Healthcare Services.
SCA has grown significantly since 2009, including:
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Wikipedia