Surgical Care Affiliates (SCA) has announced the composition of its board of directors. SCA was formed when TPG finalized its purchase of the surgery division from HealthSouth Corporation in June of this year.
The new board of directors includes: Leonard D. Schaeffer, Chairman, who was the founding Chairman and CEO of WellPoint; the nation’s largest health benefits company; Thomas C. Geiser, advisor and legal counsel to numerous healthcare organizations; Todd B. Sisitsky, Partner at TPG Capital, L.P. where he leads healthcare investments; Curtis S. Lane, founder of MTS Health Investors and manager of the healthcare investment banking group at Bear Stearns from 1986-1998; Dr. Sharad Mansukani, senior advisor at TPG, practicing ophthalmologist, and entrepreneur; and Mike Snow, SCA’s President and Chief Executive Officer.
“All of these board members have proven healthcare backgrounds and bring their unique perspectives to the company,” said Mike Snow, President and CEO of SCA. “We believe that ambulatory surgery centers are well-positioned to be part of the long-term solution to rising healthcare costs. The board is committed to SCA’s leadership role in this effort.”
SCA owns and operates surgical care centers providing a variety of surgical procedures that require a limited post-operative stay. One of the largest providers of specialty surgical services, SCA operates 139 facilities and 3 surgical hospitals in 35 states, with most of the facilities concentrated in California, Texas, Florida, North Carolina, and Alabama.
With 6,000 employees, SCA is affiliated with more than 3,000 physician partners across the country. For more information on SCA, visit www.scasurgery.com.
SCA Board Members
Leonard D. Schaeffer was the founding Chairman and CEO of WellPoint, the nation’s largest health benefits company. Throughout his career in the healthcare industry, Schaeffer has been selected for many honors including BusinessWeek Magazine’s Top 25 Managers of the Year and Worth Magazine’s 50 Best CEOs in America. Under Schaeffer’s leadership, WellPoint was named by FORTUNE Magazine as Most Admired Healthcare Company (for six consecutive years), BusinessWeek as one of the 50 Best Performing Public Companies (for three consecutive years), and Forbes Magazine as America’s Best Large Health Insurance Company. He is now a Senior Advisor to TPG and Chairman of the Board of Directors for SCA.
Thomas C. Geiser, a Senior Advisor to TPG, has served as an advisor and legal counsel to numerous healthcare organizations including his former role as General Counsel for WellPoint. Geiser’s main focus is on healthcare financing. In San Francisco, Geiser had a successful career with the law firms of Brobeck, Phleger & Harrison; Epstein, Becker, Stromberg & Green; and Hanson, Bridgett, Marcus, Vlahos & Stromberg. He has been elected to The Best Lawyers in America and was named 100 Most Influential Attorneys of California by California Law Business.
Todd B Sisitsky, a partner of TPG Capital, L.P., leads the firm’s investment activities in the healthcare services and pharmaceutical / medical device sectors. He played key roles in connection with TPG’s investments in IASIS Healthcare, Fenwal Transfusion Therapies, Biomet and Surgical Care Affiliates. Prior to joining TPG in 2003, Mr. Sisitsky worked at Forstmann Little & Company and Oak Hill Capital Partners.
Curtis S. Lane founded MTS Health Investors in 2000. Lane founded and managed Bear Stearns Health Investment Banking Group from its inception in 1986 until 1998. Under Lane’s leadership, the healthcare investment banking group was named top ranked Institutional Investor healthcare research team in the country. Just before founding MTS, he joined Evercore Partners as a partner to focus on advisory and investment opportunities in healthcare.
Sharad Mansukani, MD, a leading healthcare business strategist, Mansukani is an authority on the health insurance, hospital, PBM and pharmaceutical industries. He has additional expertise in federal healthcare programs, particularly the Medicaid program and the Medicare prescription drug program. In addition to advising many medical organizations, Mansukani currently serves as a Senior Advisor of TPG. He is on the faculty at the University of Pennsylvania and Temple University Schools of Medicine.
Michael D. Snow was named SCA’s first President and Chief Executive Officer in July 2007. Mike has more than 25 years of experience in healthcare business operations. He served as Chief Operating Officer of HealthSouth from 2004 to 2007, as President of HCA’s Gulf Coast Division from 1996 to 2004 and as Chief Operating Officer of Columbia/HCA’s Greater Houston Division from 1995 to 1996. Before joining HCA, he held various positions at Tenet Healthcare Corporation, Universal Health Services, Inc. and Humana, Inc.
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