Deerfield, Ill.-based Surgical Care Affiliates partnered with Downers Grove, Ill.-based Midwest Center for Day Surgery and acquired Illinois-based Midwest Surgical Management Group.
Here are six things to know:
1. Midwest Center for Day Surgery is a joint venture between Advocate Health Care in Downers Grove and community physicians.
2. Midwest Surgical Management Group is also a joint venture between Advocate and community physicians.
3. Under the acquisition agreement, SCA will now manage the following surgery centers throughout the Chicagoland area: Naperville (Ill.) Surgical Centre, Midwest Center for Day Surgery, Tinley Park, Ill.-based Tinley Woods Surgery Center and Palos Hills (Ill.) Surgery Center.
4. Both deals went into effect Dec. 1, 2016.
5. Early last year, SCA and Advocate entered into a joint venture to acquire and develop a surgery center network.
6. In other news, community-based ASCs in North Carolina have teamed up to form the North Carolina Ambulatory Surgical Center Association. For more on the story, click here.
"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.