CLEVELAND, April 15, 2020 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce a new partnership between St. Louis Cardiovascular Institute (SLCI), St. Louis Specialty Surgical Center (SLSSC), and Surgical Care Affiliates, LLC (SCA) that will deliver high-quality outpatient cardiovascular, interventional, and peripheral vascular surgical options in the St. Louis, Missouri area. BGL's Healthcare & Life Sciences team initiated the transaction and served as the exclusive financial advisor to both SLCI and SLSSC; SCA is a portfolio company of Optum. The specific terms of the transaction were not disclosed.
SLCI is an office-based laboratory performing intervention and peripheral vascular procedures. SLSSC is an ambulatory surgery center specializing in defibrillator, event recorder, pacemaker, catheterization, ERCP (endoscopic retrograde cholangiopancreatography), colonoscopy, and EGD (esophagogastroduodenoscopy) procedures. The two facilities are located under a shared roof in Kirkwood, Missouri, a Western suburb of St. Louis.
Legal counsel for the transaction included Polsinelli PC as representation for both SLCI and SLSSC, and McGuire Woods representing SCA.
SCA is a leader in the outpatient surgery industry, partnering with health plans, medical groups, and health systems across the country to develop and optimize surgical facilities. SCA operates more than 200 surgical facilities, including ambulatory surgery centers and surgical hospitals, in partnership with approximately 3,000 physicians. Optum, part of UnitedHealth Group (NYSE:UNH), is a leading information and technology-enabled health services business with more than 100,000 people worldwide.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, divestitures, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, Denver, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.
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