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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Surgical Care Affiliates, Inc. | NASDAQ:SCAI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.87 | 52.00 | 56.01 | 0 | 01:00:00 |
SCA
overview
Largest independent surgical provider in the country;
diversified growth strategy,
partnering with health plans,
medical groups and health systems
Outstanding clinical care, patient
satisfaction and physician satisfaction
Clear value proposition to health plans,
ACOs and risk bearing groups
200+ surgical facilities in partnership
with approximately 3,000 physicians
Approximately 1 million cases per year
Pathway to continue adding
partnerships with health plans, medical
groups and health systems
Filing pursuant to Rule 425 under the Securities Act of 1933, as amended
Deemed filed under Rule 14d-9 under the Securities Exchange Act of 1934, as
amended
Filer: Surgical Care Affiliates, Inc.
Subject Company: Surgical Care Affiliates, Inc.
Filers Commission File Number: 001-36154
Date: January 18, 2017
|
SCA
and OptumCare
to combine
1
Optum
is a leading health services company
and part of UnitedHealth Group
On January 9, 2017, SCA announced
agreement to join OptumCare, Optums
primary and urgent care delivery services
business
Creates comprehensive ambulatory care
services platform, including primary care,
urgent care and surgical care services
Aligned strategy supports value-based
payment models and a multi-payer approach
SCA already has nine ASCs partnered with
Monarch HealthCare, part of OptumCare
since 2011
Builds on companies existing joint ventures,
strong relationship and complementary
capabilities
Accelerates SCAs progress towards Vision to
become the partner of choice and Mission to
improve healthcare in America
Enables better alignment with health plans,
medical groups and others seeking to achieve
the triple aim
Positions SCA to develop better tools to help
independent physicians succeed
Continues focus on patient value and
satisfaction
Strategic Alignment
1
The transaction is expected to close during the first half of 2017, subject to the tender of a
majority of SCAs shares, regulatory approvals and other customary closing
conditions
|
HEALTH BENEFITS
HEALTH SERVICES
Helping people live
healthier lives
Helping make the health system
work better for everyone
Integrity
Compassion
Relationships
Innovation
Performance
Clinical Insight
FOUNDATIONAL COMPETENCIES
Data & Information
Technology
Complementary but Distinct
Business Platforms
©2017 UnitedHealth Group. All Rights Reserved. UnitedHealth Group is a registered trademark with the U.S. Patent and Trademark
office.
© 2016 UnitedHealth Group. Any use, copying or distribution
without written permission from UnitedHealth Group is prohibited.
|
|
The
OptumCare
care continuum
|
Reaction overwhelmingly positive
Optum's
$2.3 billion deal
with Surgical Care Affiliates continues its push to shift
care away from the costly hospital setting and toward lower-cost
outpatient
providers.
While analysts see the deal as a smart way to get a handle on rising
healthcare
spending, UnitedHealth Group, which owns Optum, is
the only insurer taking
advantage of this
strategy.
-Shelby Livingston,
Modern Healthcare
The most compelling rationale for this transaction in our opinion is the value
opportunity within surgery costs, that can make up as much as 30% of total
healthcare spend. In our view the lower prices offered by
surgery centers will
drive additional volumes into surgery
centers and away from higher-priced
hospital outpatient
departments.
-Joshua Raskin, CFA, Barclays
Analyst
[This announcement]
is a bet that amid all the
uncertainty surrounding the
health
care
industry
right
now
from
Republicans'
vow
to
repeal
the
Affordable
Care
Act
to
potential
Medicaid
and
Medicare
changes
one
thing
will
remain
paramount: the need to keep expenses down.
-
Brooke
Sutherland,
Bloomberg Gadfly
|
Additional information and where to find it
This communication relates to a pending business combination transaction between
UnitedHealth Group Incorporated (UnitedHealth)
and
Surgical Care Affiliates, Inc. (SCA). The exchange offer referenced in this communication has not yet commenced. This
communication is for informational purposes only and is neither an offer to sell or exchange, nor a solicitation of an offer to buy or
exchange,
any
securities,
nor
shall
there
be
any
sale
of
securities
in
any
jurisdiction
in
which
such
offer,
sale
or
exchange
would
be
unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
UnitedHealth intends to file a registration statement on Form S-4 related
to the transaction with the SEC and may file amendments
thereto.
UnitedHealth and a wholly-owned subsidiary of UnitedHealth intend to file a tender offer statement on Schedule TO (including
a prospectus/offer to exchange, a related letter of transmittal and other exchange offer documents) related to the transaction with the
SEC and may file amendments thereto. SCA intends to file a
solicitation/recommendation statement on Schedule 14D-9 with the SEC
and may file amendments thereto. SCA and UnitedHealth may also file other documents with the SEC regarding the transaction.
This
communication is not a substitute for any registration
statement, Schedule TO, Schedule 14D-9 or any other document which SCA or
UnitedHealth may file with the SEC in connection with the transaction. Investors and security holders are urged to read the registration
statement, the Schedule TO (including the prospectus/offer to
exchange, related letter of transmittal and other exchange offer
documents), the solicitation/recommendation statement on Schedule 14D-9 and
the other relevant materials with respect to the
transaction
carefully and in their entirety when they become available before making any decision regarding exchanging their shares,
because they will contain important information about the transaction. The prospectus/offer to exchange, the related letter of
transmittal and certain other exchange offer documents, as well
as the solicitation/recommendation statement, will be made available
to all holders of SCAs stock at no expense to them. The exchange offer materials and the solicitation/recommendation statement will
be
made available for free at the SECs website at
www.sec.gov. Additional copies of the exchange offer materials and the
solicitation/recommendation statement may be obtained for free by contacting UnitedHealths Investor Relations department at (800)
328-5979. Additional copies of the
solicitation/recommendation statement may be obtained for free by contacting SCAs Investor
Relations department at (800) 768-0094.
In addition to the SEC filings made in connection with the transaction, each of UnitedHealth and SCA files annual, quarterly
and
current
reports and other information with the SEC. You may read and copy any reports
or other such filed information at the SEC public
reference room
at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the
public reference room. UnitedHealths and SCAs filings with the SEC are also available to the public from commercial
document-retrieval
services and at the website maintained by
the SEC at http://www.sec.gov.
|
Cautionary statement regarding forward looking
statements
This communication may contain statements that constitute forward-looking statements, including, for example, information
related
to UnitedHealth, SCA and the proposed acquisition of SCA
by UnitedHealth. Generally the words believe, expect, intend,
estimate, anticipate, plan, project, should and similar expressions identify
forward-looking statements, which generally are not
historical in nature. Such statements reflect the current analysis of existing
information and involve substantial risks and uncertainties
that
could cause actual results to differ materially from those expressed or implied by such statements. The following factors, among
others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility
that
various conditions to the consummation of the UnitedHealth
exchange offer and mergers may not be satisfied or waived, including the
receipt of regulatory clearances related to the mergers; uncertainty as to how many shares of SCA common stock will be tendered into
the
UnitedHealth
exchange
offer;
the
risk
that
the
UnitedHealth
exchange
offer
and
mergers
will
not
close
within
the
anticipated
time
periods, or at all; the failure to complete or receive the anticipated benefits from UnitedHealths acquisition of SCA; the
possibility that
the
parties
may
be
unable
to
successfully
integrate
SCAs
operations
into
those
of
UnitedHealth;
such
integration
may
be
more
difficult,
time-consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs,
customer
loss and business disruption (including, without
limitation, difficulties in maintaining relationships with employees, customers, clients,
suppliers or physicians) may be greater than expected following the transaction; the retention of certain key employees at SCA may not
be achieved; the parties may be unable to meet expectations
regarding the timing, completion and accounting and tax treatments of
the transactions; UnitedHealth and SCA are subject to intense competition; factors that affect UnitedHealths ability to generate
sufficient funds to maintain its quarterly dividend payment
cycle; the effects of local and national economic, credit and capital market
conditions; and the other risks and uncertainties relating to UnitedHealth and SCA described in their respective Annual Reports on Form
10-K for the fiscal year ended December 31, 2015, and in
their subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission (the SEC) and available at
www.sec.gov.
SCA assumes no obligation to update the information
in this communication, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking statements or information, which speak only as of the date
hereof.
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