Atlanta, GA/Charlotte, NC
– Coker Capital Advisors announced today that Arise Ventures, LLC d/b/a Arise Healthcare (“Arise”) has sold its interests in its network of multi-specialty surgical facilities and related ancillary service locations to Surgical Care Affiliates, Inc. (“SCA”). Located in Austin, Texas, the surgical facilities include Arise Austin Medical Center, Cedar Park Surgery Center, Stonegate Surgery Center, and Hays Surgery Center. SCA will partner with the physician members of the four surgical facilities to continue providing patients and physicians convenient access to high quality, lower cost surgical care across the Austin market. Coker Capital Advisors acted as the exclusive financial advisor to Arise in this transaction. Terms of the transaction were not disclosed.
“We were extremely pleased with our decision to hire Coker Capital as our investment bankers,” said Dr. Robert Wills, MD, Co-founder and President of Arise Healthcare. “We selected Coker Capital to help us navigate a complicated acquisition process given their deep experience with surgical facilities and physician services transactions. We are excited to have aligned our business with SCA, a platform that will support our growth and continued dedication to our patients.”
“Coker Capital dedicated an experienced team to our transaction, and their understanding of the complexities associated with surgical facility transactions enabled us to achieve our objectives” added Jared Leger, Co-founder and CEO of Arise Healthcare. “Their senior professionals provided access to their deep relationships with the most likely strategic buyers in the industry, allowing us to efficiently move through the transaction process and identify the ideal partner to continue supporting our facilities and providing our patients with the highest quality of care.”
About Arise Healthcare
Arise, based in Austin, TX, is a nationally-recognized owner, manager, and developer of hospitals, ASCs, and healthcare related businesses. Arise Austin Medical Center is a local Austin hospital with a presence throughout the area. Arise Healthcare surgery centers are state of the art, comfortable and efficient, strategically located throughout the community bringing quality procedure options closer to patients and physicians throughout Central Texas. The company also owns a cardiovascular center and specialty pharmacy.
For additional information on Arise Healthcare, visit the company’s website at www.arisehealthcare.com
About Surgical Care Affiliates
Surgical Care Affiliates, Inc. (NasdaqGS-SCAI), based in Deerfield, IL, is a publicly-traded company owning and operating a network of multi-specialty ASCs and surgical hospitals in 34 states across the United States. It's ASCs and surgical hospitals primarily provide the facilities, equipment, and medical support staff for physicians to perform non-emergency surgical and other procedures in various specialties.
For additional information on SCA, visit the company’s website at www.scasurgery.com
About Coker Capital Advisors
Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com.