Surgical Care Affiliates, an Optum company, made an equity investment in a Portland, Ore.-based ASC in partnership with Renton, Wash.-based Providence Health & Services.
Here are five things to know:
1. SCA made the equity investment in Oregon Outpatient Surgery Center. effective Dec. 1, 2017. Oregon Outpatient Surgery Center is the first ASC to join the partnership between SCA and Providence.
2. The partners hope to develop a statewide care delivery network focused on outpatient care; Oregon Outpatient Surgery Center is SCA's fourth ASC in the state. "This partnership expands SCA's position in the Oregon market as a leading provider of high-quality, low-cost surgery," said SCA's Regional Vice President of Operations Bill Pethick.
3. Oregon Outpatient Surgery Center is a physician-led, multispecialty ASC with six physician partners. The center covers orthopedics, podiatry, ophthalmology and pain management.
4. The terms of the agreement were not disclosed. SCA partnered with two other surgery centers — Columbia, S.C.-based Midlands Orthopaedics Surgery Center and Brandon (Fla.) Ambulatory Surgery Center — in October 2017.
5. SCA now owns and operates more than 200 surgical facilities across the U.S., and partners with around 3,000 physicians.