SCA Health, the ambulatory surgery center (ASC) arm of Optum, acquired OrthoAlliance, an orthopedic management services organization. The acquisition, effective as of November 1, expands SCA Health’s network in orthopedic and sports medicine services. Optum is the health services business of UnitedHealth Group (NYSE: UHG). “Since its founding in 2019, OrthoAlliance has focused on providing instant access to high-quality, value-based care throughout Ohio, Indiana and Kentucky,” SCA told ASC … [Read more...]
UnitedHealth Group Teases Growth Priorities, Mum on ASC Plans
In July, reports surfaced that one of the country’s largest ambulatory surgery center (ASC) chains – Surgery Partners (Nasdaq: SGRY) – was exploring strategic alternatives, including a possible sale. Health care behemoth UnitedHealth Group (NYSE: UNH) was identified as one potential buyer. UnitedHealth Group, the parent of Optum, is a major player in the ASC space, having acquired SCA Health in 2017. Strategically, adding to its ASC footprint makes sense for UnitedHeath Group, with company … [Read more...]
Optum Fuels UnitedHealth Group Revenue Growth, House Calls Arm Presents Intriguing Synergy for Surgery Centers
Optum – the parent of major ambulatory surgery center (ASC) chain SCA Health – continues to play an important role at health care giant UnitedHealth Group (NYSE: UNH). Not too long ago, Optum played a complementary role under the broader UnitedHealth Group umbrella. Now, however, Optum is taking center stage, with the health care services arm serving as UnitedHealth Group’s leading revenue generator. “In the first half of the year, revenues grew by nearly $14 billion, with strong … [Read more...]