Surgical Care Affiliates Announces Agreement With WakeMed Health & Hospitals

RALEIGH, N.C., March 31 /PRNewswire/ -- Surgical Care Affiliates (SCA), one of the country's largest providers of specialty surgical services, announced today it has entered into a formal agreement with WakeMed Health & Hospitals to enhance ambulatory surgical services in the Raleigh, N.C. area.

Under the agreement, WakeMed will purchase an interest in the general partnership that operates the Blue Ridge Surgery Center in Raleigh. The center, which will continue to be managed by SCA, features six operating rooms and one procedure room. It will be jointly owned by WakeMed, 41 physician partners and SCA. In addition to the physician partners, more than 100 other physicians use the center for procedures in orthopaedics, ENT/otolaryngology, podiatry, ophthalmology and other specialties.

In addition, SCA will enter into an agreement to manage the surgical services for WakeMed Cary Hospital and WakeMed North Healthplex Day Surgery, a freestanding hospital outpatient surgery department. The enhanced efficiencies and supply chain benefits that SCA can bring to the system are expected improve patient and physician satisfaction as well reduce operating costs.

"Partnering with SCA supports WakeMed's long-term ambulatory growth strategy and will help us continue to meet the outpatient surgery needs of this community," said Dr. Bill Atkinson, President and Chief Executive Officer of WakeMed. "With the purchase of Blue Ridge and the management services agreement, we are well positioned for volume growth in our ambulatory surgery program while further enhancing the service we provide to our surgical patients and physician partners."

Andrew Hayek, President and Chief Executive Officer of SCA, said, "We are honored to be selected to enter into this relationship with the WakeMed system. Our commitment is to bring the best practices from our surgical centers across the country to the WakeMed system. We believe this relationship will enhance WakeMed's position as the premiere health system in Raleigh and further position SCA as the partner of choice for health systems and physicians.

About Surgical Care Affiliates:

Surgical Care Affiliates is committed to being the partner of choice for physicians, hospitals, and health systems in delivering high-quality surgical services. SCA's centers operate with outstanding clinical outcomes and patient satisfaction. SCA operates 126 ambulatory surgery centers and surgical hospitals across the country with approximately 3,700 full-time teammates and approximately 2,000 physician partners. For more information on SCA, visit www.scasurgery.com.

About WakeMed Health and Hospitals:

WakeMed Health and Hospitals, one of the first hospital systems in the country, is a private, not-for-profit health care organization based in Raleigh, N.C. The 870-bed system comprises a network of health care facilities throughout Wake and Johnston counties, including a Level I Trauma Center and tertiary referral hospital in Raleigh, a community hospital in Cary, comprehensive outpatient centers and freestanding emergency departments in North Raleigh and Apex, seven outpatient rehabilitation sites, two skilled-nursing and outpatient facilities, a 100+ physician multispecialty practice, and home health services. www.wakemed.org

SOURCE Surgical Care Affiliates

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