Here are six things to know:
1. As per the offer’s terms, SCA stockholders will receive $57 for each SCA common stock, cash and UnitedHealth Group common stock.
2. SCA shareholders will tender their shares based on the offer’s terms and conditions, which a UnitedHealth Group wholly-owned subsidiary made.
3. The offer is set to expire on March 21, 2017, unless UnitedHealth’s group extends or terminates the offer.
4. SCA shareholders do not need to approve the proposed offer and UnitedHealth Group and SCA plan to effect a merge pursuant to the Delaware General Corporation Law’s Section 251 (h), which affirms the offer does not require SCA stockholder’s vote of approval.
5. SCA’s board of directors unanimously recommended company shareholders accept the offer and tender their SCA commons tock shares to UnitedHealth Group.
6. Through the partnership, SCA will become a part of Optum’s platform, which serves millions of U.S. customers via 20,000 affiliated physicians and hundreds of facilities spanning the nation. Andrew Hayek, SCA’s chairman and CEO, and SCA executives will continue leading SCA and the Optum platform.
More articles on surgery centers:
19 ASC partnerships for SCA in 2016
Texas Health Surgery Center reopens, starts offering knee replacements: 4 things to know
2 new GI-driven ASCs and facilities — January 2017
