Surgical Care Affiliates (Surgical Care Affiliates) Money Market Investments

Surgical Care Affiliates Inc was incorporated on March 23, 2007. It is a provider of solutions to physicians, health plans and health systems to optimize surgical care. It operates surgical facilities in the United States, which includes 185 ambulatory surgery centers ("ASCs") and seven surgical hospitals. Its business model is focused on building strategic relationships with physicians, health plans and health systems to invest in, develop and optimize facilities in an aligned economic model that enables access to high-quality care at lower cost. It owns and operates facilities in partnership with 45 health systems and approximately 2,800 physician partners. It has six operating segments, which are aggregated into one reportable segment. Its six operating segments are generally organized geographically. Its operations consist of ownership and management of ASCs and surgical hospitals. Its affiliated facilities provide the space, equipment and medical support staff necessary for physicians to perform non-emergency surgical procedures. Its typical ASC is a freestanding facility with fully-equipped operating and procedure rooms and ancillary areas for reception, preparation, recovery and administration. Its surgical hospitals provide medical services similar to those provided by ASCs and can also accommodate more complex procedures, some of which require patients to stay overnight. It faces competition from other providers of ambulatory surgical care in developing ASC and surgical hospital joint ventures, acquiring existing facilities, attracting patients and negotiating commercial health plan contract pricing. It is subject to various federal, state and local laws and regulations relating to the protection of the environment and human health and safety, including those governing the management and disposal of hazardous substances and wastes, the cleanup of contaminated sites and the maintenance of a safe workplace.