Potter Anderson Advises UnitedHealth in $2.3 Billion Acquisition of Surgical Care Affiliates
The U.S.’s biggest health insurer, UnitedHealth Group Inc., has agreed to acquire surgical center operator Surgical Care Affiliates Inc. for about $2.3 billion in a cash-and-stock deal that will add to its outpatient holdings.
The acquisition will be funded with between 51 percent and 80 percent of UnitedHealth stock. The remainder will be in cash. UnitedHealth will add Surgical Care to its Optum health services unit, which has 20,000 affiliated physicians and hundreds of facilities. Surgical Care operates 205 surgical facilities and partners with about 3,000 physicians.
The Potter Anderson team is led by partners Michael B. Tumas, Michael K. Reilly and associate David B. DiDonato.