Mike Snow Resigns after Successful Transition
BIRMINGHAM, Ala., April 21 /PRNewswire/ -- Surgical Care Affiliates ("SCA") today announced that Andrew P. Hayek has been named president and chief executive officer effective May 1, 2008. SCA's current president and chief executive officer, Mike Snow, is resigning his position effective April 30, 2008, but will continue to serve as an advisor on the company's board of directors.
Mr. Hayek most recently served as president of VillageHealth Inc., an insurance and care management company owned by DaVita Inc., the nation's leading independent provider of kidney dialysis services.
"Now that we have fully made the transition to an independent company, we are ready to build on SCA's reputation for clinical excellence in this industry," said Leonard D. Schaeffer, senior healthcare investment advisor to TPG and SCA's board chairman. "We believe Andrew is well suited to successfully lead SCA going forward. We welcome him to the SCA family."
Prior to his role at VillageHealth, Mr. Hayek served as president and chief operating officer of Alliance Imaging, Inc., a $450 million revenue diagnostic imaging and radiation oncology business, operating in 43 states. He worked previously for Capstone Consulting (an operations consulting firm affiliated with private equity firm Kohlberg Kravis Roberts & Co.), The Pritzker Organization (a merchant banking firm affiliated with the Pritzker family of Chicago, owners of Hyatt Hotels), and the Boston Consulting Group. Mr. Hayek earned a Bachelor of Arts summa cum laude from Yale University.
"I look forward to joining the SCA team, including SCA's 2,000 physician partners," said Mr. Hayek. "I am committed to ensuring that SCA continues to be the partner of choice for surgeons and continues to provide outstanding patient care."
Mr. Snow led the company through its transition to a stand-alone surgical services provider after its creation in 2007 through the acquisition of the division by TPG Capital, a private investment firm with more than $50 billion of assets under management.
"Mike has been an integral part of SCA's transition into one of the nation's largest providers of specialty surgical services and a stand-alone company," said Mr. Schaeffer. "We appreciate his leadership and dedication to making this a success and positioning the company for future growth."
Surgical Care Affiliates, with its affiliated physicians and partners, is committed to delivering high quality surgical services to ensure a superior patient experience and clinical outcome. One of the largest providers of specialty surgical services, SCA operates more than 130 ambulatory surgery centers and surgical hospitals across the country with more than 4,200 full-time equivalent employees and 2,000 physician partners. For more information on SCA, visit http://www.scasurgery.com.
About TPG Capital
TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992 with more than $50 billion of assets under management and offices in San Francisco, London, Hong Kong, New York, Minneapolis, Fort Worth, Melbourne, Menlo Park, Moscow, Mumbai, Beijing, Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures and restructurings. TPG Capital's investments span a variety of industries including healthcare, retail, consumer, travel and entertainment, media and communications, industrials, technology and financial services. Please visit http://www.tpg.com.
|SOURCE Surgical Care Affiliates|
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