INSIGHT

SCCCSurgical 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 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, multi-specialty 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:
Provident Healthcare Partners
Gina Leone, Senior Analyst
877-742-9800

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  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”