Southern California Orthopedic Institute has affiliated with UCLA Health
June 15, 2019
California Orthopedic Institute (“SCOI”) has completed its strategic alliance with UCLA Health (“UCLA”). The transaction included the sale of majority interests in SCOI’s four ambulatory surgery centers to a joint-venture between UCLA Health and Surgery Partners. Also, SCOI entered into a professional services agreement as part of UCLA Health’s strategy to develop a clinically integrated network of community providers. Through the PSA, SCOI will remain independently owned and managed but become integrated into the UCLA Health care delivery network.
Cain Brothers was retained by SCOI as its investment banker to assist SCOI through its partnership search process. Cain Brothers ran a targeted and highly competitive process to identify the optimal partner for SCOI and negotiated the key business terms of the transaction.
SCOI is one of the nation’s preeminent orthopedic medical groups and serves the greater southern California market. The Group has a 40-year history of distinct collaborative culture and includes over 40 surgeons and fellows and six ancillary sites in Southern California. SCOI has an international reputation for excellence in orthopedic care and is recognized for its exemplary orthopedic care, orthopedic training, and innovation
UCLA Health is a premier academic medical center providing best in health care and the latest in medical technology to the people of Los Angeles and the nation. UCLA Health and the David Geffen School of Medicine at UCLA strive to redefine the standard of excellence in health care, to train top medical professionals and to support pioneering research and discovery.
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