UnitedHealth Group, one of many largest and most diversified medical insurance corporations in the US, mentioned on Monday that it deliberate to purchase Surgical Care Associates, a sequence of outpatient surgical procedure facilities, for about $2.three billion. The deal is predicted to shut within the first half of 2017.
Whereas the acquisition is a comparatively small one for UnitedHealth, whose annual revenues final yr have been round $180 billion, it marks the most recent step within the firm's evolution from a standard insurer to a diversified well being companies firm.
UnitedHealth's Optum unit affords a broad vary of well being care companies to hospitals, docs and different insurers, but it surely additionally offers medical care on to sufferers by major care practices and pressing care facilities. The corporate says it has 20,000 affiliated physicians and says it plans to mix the surgical procedure facilities with these companies.
Insurers are aggressively experimenting with new methods to pay docs and hospitals to reward them for delivering higher care at decrease costs. Many docs are scrambling to affix well being programs and insurers to keep away from being left behind.
"Combining SCA and OptumCare will allow us to proceed the transition to high-quality, high-value ambulatory surgical care, partnering with the total vary of well being programs, medical teams and well being plans," Larry C. Renfro, vice chairman of UnitedHealth Group and the chief govt of Optum, mentioned in an announcement.
Surgical Care Associates, primarily based in Deerfield, Sick., is a public firm that operates 205 surgical services, together with specialised hospitals, in partnership with surgeons in 30 states. The corporate was backed by the personal fairness agency TPG Capital, which mentioned it might be promoting its 30 p.c stake within the chain.
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