BOSTON and LOS ANGELES, Aug. 17,
2016 /PRNewswire/ -- Surgical Care Affiliates (SCA) has
acquired a majority interest in Metropolitan Medical Partners, LLC
dba The Surgery Center of Chevy
Chase (SCCC). SCCC specializes primarily in orthopedic
surgery, but other specialties include podiatry, ENT, plastic
surgery, dental surgery, urology, and pain management.
Provident Healthcare Partners served as exclusive financial advisor
to SCCC. The terms of the transaction were not disclosed.
"Throughout our longstanding relationship with Provident, they
have been incredibly professional and diligent in their
efforts. I worked with many members of the Provident team and
would absolutely recommend the firm without reservations. We
couldn't have completed our sale without them," commented Dr.
Sunjay Berdia, Chairman of the Board
and Shareholder for SCCC.
"SCA's expertise in partnering with musculoskeletal-focused
practices and surgery centers across the country will best position
SCCC to continue to be a leader in high quality orthopedic care
within central Maryland," noted
Kevin Palamara, Managing Director at
Provident Healthcare Partners.
"SCCC has established itself as a leading orthopedic-focused,
multispecialty surgery center in the state through attracting a
group of highly respected physicians. The partnership with
SCA will provide SCCC with the management resources and clout of a
national provider of surgical care," stated Eric Major, Senior Associate at Provident
Healthcare Partners.
About the Surgery Center of Chevy
Chase
The Surgery Center of Chevy Chase is located in Montgomery County, Maryland in the affluent
area of Chevy Chase, just one mile
from the Washington, DC
line. SCCC has been opened since 1999 and was originally a
center for plastic surgery. SCCC is accredited through AAAHC,
licensed by the state of Maryland,
certified by Medicare, and affiliated with most major HMOs and
PPOs. For more information, please visit www.scchevychase.com.
About Surgical Care Affiliates
SCA (NASDAQ: SCAI), a
leader in the outpatient surgery industry, strategically partners
with health plans, medical groups and health systems across the
country to develop and optimize surgical facilities. SCA's
community of teammates, physician partners and health system
partners are deeply committed to providing quality patient care and
improving healthcare in America. SCA's focus on building
strategic relationships with its partners enables it to acquire,
develop and optimize facilities in an aligned economic model that
enables better access to high-quality care at lower cost. For more
information, please visit http://scasurgery.com/.
About Provident Healthcare Partners
Provident
is the leading investment banking firm specializing in
merger and acquisition advisory, strategic planning, and capital
formation for middle-market and emerging growth healthcare
companies. The firm has a vast network of high-level, senior
industry contacts, a thorough knowledge of market sectors and
specialties, and unsurpassed experience and insight into the
M&A process. Provident uncovers value and
opportunities that others often overlook to create transaction
premiums for its clients. For more information, visit the
Provident website www.providenthp.com.
Contact:
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Provident Healthcare
Partners
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Gina Leone, Senior
Analyst
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877-742-9800
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SOURCE Provident Healthcare Partners LLC